Seeking Alpha

Calumet Specialty Products (CLMT +8.5%) trades higher after it bumps up its quarterly cash...

Calumet Specialty Products (CLMT +8.5%) trades higher after it bumps up its quarterly cash distribution to $0.62 per unit, an increase of 5.1% over its previous quarterly distribution.
Comments (6)
  • KenNagle
    , contributor
    Comments (289) | Send Message
     
    Great company - a hidden gem. Investors can make money on CLMT with trading around a core positio, dividends, capital appreciation and put and call options.
    16 Oct 2012, 02:34 PM Reply Like
  • AlbionWood
    , contributor
    Comments (824) | Send Message
     
    5% inc in distribution, 8.5% inc in price... I don't understand it, but I'll take it. One of the best performers in my portfolio.
    16 Oct 2012, 02:37 PM Reply Like
  • rheimerl
    , contributor
    Comments (392) | Send Message
     
    probably part of the big bounce is clmt traded down hard the past week or so... i added at $28.60 just a few days ago
    16 Oct 2012, 03:07 PM Reply Like
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    ditto
    16 Oct 2012, 04:19 PM Reply Like
  • TangoOscar
    , contributor
    Comments (377) | Send Message
     
    The recent sell off appeared to be a fund or two redistributing its portfolio. Happens every October in various sectors.

     

    With the increased distribution they are virtually guaranteed to blow earnings out of the water for the third time in 3 quarters! Its also the 9th quarter in a row where Calumet has increased its distribution! If that doesn't speak positively about the stock I don't know what does. They are continuously acquiring new companies, products, and refineries.

     

    The distribution is coming up in about two weeks and the stock should make a nice run up until at least the ex-distribution date. There was some profit taking at the end of today's rally but altogether the technical indicators are pointing up while the stock is still in heavy oversold territory. I bet we retest 34.00 by next week.
    16 Oct 2012, 04:34 PM Reply Like
  • upboston
    , contributor
    Comments (18) | Send Message
     
    This has been a Gem for me as well. This is my favorite stock in my portfolio. I only wish i had purchased more shares last November.
    16 Oct 2012, 05:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector