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Compass Diversified Holdings Message Board

accesstables 7 posts  |  Last Activity: May 9, 2016 12:17 PM Member since: Jan 13, 2010
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  • Reply to

    CVRR needs a new CFO NOW!

    by californiaisfun4321 May 4, 2016 2:34 PM
    accesstables accesstables May 9, 2016 12:17 PM Flag

    I don't believe CVRR's emphasis is on stock price - nor should investors of the stock; one does not want it to go down of course - but the focus of the MLP group is dividends/distribution and the cash flow that supports it. Unlike the rest of the equity world - the MLP segment is not obsessed with pushing up its stock price. In example MLPs never do stock buy back programs. The MLP class is half equity and half bond - and has its own approach that doesn't exactly conform to either.

  • Reply to

    CVRR

    by vonstutt May 2, 2016 10:25 AM
    accesstables accesstables May 2, 2016 11:01 AM Flag

    There are those playing the stock price, and then there are those that seek a strong dividend. If CVRR can service its debt during the rough patch - and I believe it can - then the question for dividend seekers is whether refining is going to be a good business for dividends in the future. The ideal for refiners is weak oil prices and strong demand for refined products. We have half of that - with weak oil and so the question is whether demand for the refined product is going to build. If one seeks an opportunity to potentially buying into a heck of a high yield then this could be a candidate. No one knows what the future will bring. As far as the stock price players - they will push it any direction depending on today's trade and really just add noise....

  • Reply to

    CVRR IS NOW

    by vonstutt Apr 28, 2016 2:26 PM
    accesstables accesstables Apr 29, 2016 11:26 AM Flag

    there is a great difference in their balance sheets; look at the post I made at top... CLMT unfortunately took a very big risk in that N Dakota plant and really loaded up on debt...so they are in very dire straights and walking a very narrow cash flow path for awhile... CVRR and other refiners bounce back as the margins & volume improve... MLPs with variable distribution pay it out when they're flush and don't when things are thin.... CLMT is going to first deal with their debt and probably need to sell off assets it is beyond just a return of volume/margin for them I fear....

  • Reply to

    CVRR IS NOW

    by vonstutt Apr 28, 2016 2:26 PM
    accesstables accesstables Apr 29, 2016 11:19 AM Flag

    actually now is the time to buy ...check out these analysis at Fool.com ...balance sheet is good... the opportunity to buy in at a 30% yield doesn't come along often...of course the overall economy must improve - but that's true for every company's earnings and stock price:

    http://www.fool.com/investing/general/2016/04/06/how-safe-is-cvr-energy-inc-stock.aspx
    http://www.fool.com/investing/general/2016/02/26/dont-fret-too-much-about-cvr-refinings-earnings-it.aspx

  • Reply to

    NO DIVIDEND ??

    by keoo2 Apr 22, 2016 10:58 AM
    accesstables accesstables Apr 28, 2016 4:53 PM Flag

    this is true no doubt in also oil being an overall barometer of the economy....but still is great for refiners if oil goes down but fuel demand goes up - - that's the best of both worlds for dividends...but lots of ETFs throw every energy related stock into the same bucket so often the refiners go down with oil price regardless of fuel demand....and that can be a good buying opportunity for the dividend hunter.....

  • Reply to

    NO DIVIDEND ??

    by keoo2 Apr 22, 2016 10:58 AM
    accesstables accesstables Apr 28, 2016 11:06 AM Flag

    nah - CLMT has a debt load issue due to a brand new N. Dakota refinery that now isn't needed....CVRR is just suffering thru slack demand, lower volume, and lower margin. Not sure why so many posters think a raise in oil price is good for CVRR - it isn't - - what's good is low oil and high demand for fuel.....so hopefully the economy gets moving along and demand picks up faster than oil rises - - then the dividends flow.....

  • accesstables by accesstables Apr 28, 2016 11:02 AM Flag

    Reports Q1 (Mar) loss of $0.46 per share, $0.16 worse than the Capital IQ Consensus of ($0.30); revenues fell 36.1% year/year to $834 mln vs the $888.5 mln two analyst estimate.
    •Adjusted EBITDA for 1Q16 was $35.1 mln compared to $161.7 mln for 1Q15.
    •Refining margin adjusted for FIFO impact per crude oil throughput barrel was $7.19 in 1Q16, compared to $15.03 during the same period in 2015.
    •As a result of the downtime associated with the final phase of the Coffeyville turnaround and weak crack spreads during the 2016 first quarter, CVRR will not pay a cash distribution for the quarter.
    •Co states: "Our first quarter 2016 results were impacted by the downtime associated with the final phase of the Coffeyville refinery turnaround as well as weak crack spreads. With the successful completion of the Coffeyville turnaround behind us, we are in position to take advantage of the increased demand for transportation fuels that typically occurs during the late spring and summer months."

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