Their coverage ratio for the past two quarters was 1.6. So, while their present ratio was a lot better yoy, I was still expecting a lot better than 1.3. Still, the PR intimates that better times are ahead.
"....685 that they can't even cover..." Their coverage ratio for the past two quarters was 1.6. With crack spreads increasing, I figured that they could increase the distribution. But, it may be that they want to use the extra DCF to help pay down debt. We'll look forward to earnings.
Or better yet, how about a penny and a half to bring our quarterly distribution to $.70? Yes, I know it's more likely that CLMT will keep the distribution at $.685. Still, a small bump wouldn't materially affect CLMT's quick ratio, and yet it would be a bullish signal of positive, upcoming earnings.
I agree with your analysis, but I thought I'd ask the question anyway. Most likely, the distribution will remain unchanged. Still, I cling to the longshot, best-case scenario where mgmt. has determined that their 2Q cash flow is much better than expected. If so, maybe they can reduce their leverage AND increase the distribution. Hey, I can fantasize, can't I?
It should bode well for an outstanding second quarter. CLMT's coverage ratio for the last couple quarters was strong. Are conditions ripe for a distribution increase?
HK was trading above $7 per share. I was at the zenith of my stock market glory. Alas, I didn't get out, and I doubled down on some call options. My collapse happened even quicker than my rise. I finally got completely out of HK a few months ago. I've slowly recovered a little bit, but wow, the injuries are going to take a long time to heal. Good luck to all who are still in HK.
June 24, 2015- Today, the Martian government announced that it was awarding PSTI a patent for the treatment of all illnesses sustained by Martians. PSTI is expected to build a new state-of-the-art 3D facility on Martian surface.
PSTI officer Zami Aberman stated " This is a key step in our progress. We expect to have our clinical trials completed by 2019, and have our product marketed to the Martian creatures by 2025. We expect to get fast track approval from the MDA (Martian Drug Administration) as an important milestone in our development. "
Next Friday, June 26, is the last day to buy RSG and capture the dividend. When they declare their next dividend, we may see a slight increase. Historically, July has been the month that they've announced increases.
You can actually make some term short-term bucks by trading the ex-dividend cycle, For the first 45 days or so after the stock goes ex-dividend, the stock slumps to sub-25. As we get closer to the next ex-dividend we'll see plus 27+.
Thanks, Bill. I recall during the summer of 2013, large purchases by Cascade was an almost daily occurrence. For the time being, I'm just hoping we get an announcement that RSG is raising its dividend. July has historically been the month that RSG does that.
15,000 shares in 40 mins doesn't seem like a lot. I'm glad we're having an up day, but why do you think it's institutional buying?
Yes, whether we characterize this latest development as a loan or grant, it's clear that the Israeli government continues to financially support PSTI. I believe they had made a similar investment in PSTI last year. That's a good sign, I have to assume that the government has had close contact with PSTI's mgmt. is closely informed as to PSTI's progress and plans.
Hi mdplanet! I'm bullish on PSTI, but I'm not making excuses. Right now, PSTI is worth $2.75 per share, because that's what the market says it's worth.
Incidentally, I regularly upvote your posts even though you're negative. I learn more from people who present contrarian points of view. I hope you continue to post here.
Yeah, based upon empirical data, we'll probably open +2%, then close unchanged or down a couple pennies.