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Calumet Specialty Products Partners LP Message Board

  • bilekm bilekm Nov 1, 2012 11:19 AM Flag

    Upgrade

    Sorry for typo in previous post. Schwab shows Barclays upgraded target price from $27 to $32.00?

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    • And this is the kind of crap that #$%$ me off about this stock. It gets upgraded, blows away earnings, increases the distribution, the market is up 1 1/2% and CLMT is down 1 1/2%. FANTASTIC!!

      Sentiment: Buy

      • 1 Reply to anusgrapher
      • anusgrapher: I know it's frustrating, sometimes. What you will now see, for a while at least, is the x-d-date-dive and is to be entirely expected for a high-distribution-paying entity in a millisecond "investor" environment, where returns to youthful participants have to be both big and instantaneous. If you're here for a quick return, there are other ways of achieving it than investing.

        Most here, I would venture, are here for long term growth in unit price and in distribution size, which is what we've experienced...I bought my first units in the single digits after their refinery purchase fiasco some years back. CLMT has achieved its goals through conservative management ( I continue to be impressed with both the quality of presentations and with management's responses to questions from analysts at the investor conferences), and also by being in the right place at the right time (e.g. being able to acquire companies in financial straits who must depart the refining business). In the meantime, when price movements are slow or negative, we are compensated to stay with a generous quarterly payout, which has been increasing for some time.

        I do admit, however, to occasionally selling and re-purchasing units from time-to-time to achieve other portfolio ends while retaining a core position in the security.

        Get rich SLOWLY.

        Good luck to the longs.

        Sentiment: Hold

    • Almost looks as though were just an after thought to them, and they just updated the share price.

 
CLMT
4.71-0.09(-1.88%)Jul 29 4:00 PMEDT