At $31.55, CLMT is on sale. 24% dist. growth rate, coupled with falling oil prices makes this one of the best stocks in the mlp space. Refiners are extremely sensitive to oil prices. Falling oil prices widens the crack spread which directly translates into higher profits. Many analysists are predicting a new era of lower USA oil prices since the fracking revolution is uncovering previously unattainable oil buried in rocks. It doesn't get any better than this for clmt. anyway thats my opinion.
I still stand by my statemets. Nobody can predict the short term direction of a particular stock price. Its upsettting to see one's stock price decline but, its also an opportunity to buy at a cheaper price. The factors I pointed outin my origonal post sill are relevant imo
No_Marcy: Even a broken clock is right twice per day. I like how you " predicted" this stock selling at a lower price, yet fail to point out that the overall market is down 2% as well. Or how the fundamentals, and the balance sheet of this company remain strong, and do I need to mention a 9% DIV? Now, I may be wrong and you really are a market wizard but I will surley give your statments more credibility when you back them with actions. So, why dont you short this stock and prove it to all of us? Time will tell who is right.
anusgrapher: " Makes me want to drop this stock" So, why dont you go ahead and drop the stock? We are not forcing you to hold, this stock would be better off with stronger hands holding than weaklings who shake at the knees everyday with fluctuations. The dips are intended for one thing, to weed out the week.