Topic: How To Invest

Stock Pickers Digest Hotline – Thursday, March 29, 2018

Article Excerpt

CHEMTRADE LOGISTICS INCOME FUND, $15.39, symbol CHE.UN on Toronto, is one of the largest removal-service providers for resource firms that create acids and sulphur as by-products. The trust converts (and sells) these substances into useful chemicals such as sulphuric acid. Many of its removal contracts are with oil refineries and base-metal processors. In the quarter ended December 31, 2017, Chemtrade’s revenue jumped 53.6%, to $386.7 million from $251.7 million a year earlier. The gain came mostly from its acquisition of Canexus. Cash flow rose 33.8%, to $41.4 million from $31.0 million. Cash flow per share was unchanged at $0.45, on more shares outstanding due to the Canexus purchase. The higher cash flow came despite a number of one-time items. Among them is a temporary plant shutdown at the company’s Sulphur Products & Performance Chemicals business. It was the result of Hurricane Harvey. Chemtrade also had to deal with operational issues at its ultra-pure acid facility following a maintenance shutdown. Over at the…

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