TSX:CHE.UNChemicals
Chemtrade (TSX:CHE.UN) Stock Earnings Jump As Cairo Progress Draws Focus
Chemtrade Logistics Income Fund heads into the post earnings trade with its units at CA$16.61 after a flat week that masked a softer 30 day stretch. The headline today is simple: The chemicals producer reported a solid profit quarter, with Q2 basic earnings per unit of CA$0.38 on revenue of CA$578.7m, while still trading on a trailing P/E of 12.4x that sits well below sector averages.
Impressed by Chemtrade Logistics Income Fund posting a profit on CA$578.7m in revenue while still trading at...