I would not even think of buying above $25. I think it would be better to wait for a turn around in earnings because if there is no turnaround the dividend will be cut and pps will drop like a rock. Why take that unnecessary risk?
I agree. If , and when, the great rotation of bonds that commentators have talked about for a long time ever occurs, I think that those investors will look for companies like CLMT. The one thing that could scare them away is the incredible volatility in this stock. Too bad the company doesn't step up and buy some of it's stock to support the price when it starts getting hammered.
" Too bad the company doesn't step up and buy some of it's stock to support the price when it starts getting hammered."
How can they when they have negative dcf for the last 2 quarters?
Anyway, MLPs tend to grow by issuing units, very unusual for them to buyback units.
Since you refer to it as a stock maybe your confusion arises due to being unaware it is an MLP, not a stock.