Seeking Alpha
  • Energysystems
    CLMT increases distribution by 5.1% to a quarterly rate of .62. Nice bounce back in shares this morning, up 2%.
    10/16/12
    Reply (9)
    • Energysystems: Was hoping it'd continue down so I could keep adding, oh well.
      10/16/12
    • ComputerBlue: A little early on the announcement to help out shares? I'm a little heavy in CLMT but I'm not complaining.
      10/16/12
    • Energysystems: I think so, but it all hinges on if that secondary rumor is just a rumor. Either way, I'm long. That being said, it's now up nearly 6%
      10/16/12
    • ComputerBlue: Agreed. I'm not sure what they could be targeting with the secondary funds if its true. Do they need more for the Connacher deal?
      10/16/12
    • Energysystems: I believe they're light "cash on hand" for it. I think it'd be to clear that deal without adding debt and position for further acquisitions
      10/16/12
    • bigfoot: Last announcement was on July 20th, not all that early. PHBBBBB! Cramer!
      10/16/12
    • 21thomas99: Doing the opposite of what Cramer says generally bodes well for the "investor."
      10/16/12
    • Energysystems: bigfoot-CLMT announced the divi raise this morning.
      10/16/12
    • bigfoot: Their last dividend announcement was on the 20th of July, not quite 3 months ago, so this latest announcement isn't particularly early.
      10/16/12