Calumet in year three of 'incredible' turnaround, Rhizome Partners says [Seeking Alpha]
Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests (CLMT)
Last calumet specialty products partners, l.p. - common units representing limited partner interests earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
calumetspecialty.investorroom.com
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Source: Seeking Alpha
Calumet Specialty Products (NASDAQ: CLMT ) is in the midst of a turnaround led by a CEO who has rescued the company from insolvency, and units are set to surge by 130% , according to Bill Chen of Rhizome Partners. CLMT is essentially in year three of a turnaround situation, as new management has cut $140M of cost out of a $300M EBITDA business and re-focused capital allocation away from mindless capital-intensive refinery acquisitions and toward branded and IP-rich products with one-to-two-year payback periods, Chen writes. Chen likes CLMT's capital structure that is ~4x debt and 2x market cap, which he says translates into a free cash flow yield of 23% that should improve as the company pays down debt. Cehn thinks the market will start to view CLMT as a sustainable specialty chemicals business in the long run. Click to subscribe to real-time analytics on CLMT Now read: Calumet Specialty Products Partners, L.P. 2018 Q2 - Results - Earnings Call Slides »
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CLMT
News
- Calumet Specialty Products Partners, L.P. to Release First Quarter 2024 Earnings on May 10, 2024 [Yahoo! Finance]Yahoo! Finance
- Calumet Specialty Products Partners, L.P. to Release First Quarter 2024 Earnings on May 10, 2024PR Newswire
- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $25.00 price target on the stock.MarketBeat
- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Calumet Announces First Quarter 2024 Operational Update [Yahoo! Finance]Yahoo! Finance
CLMT
Earnings
- 2/23/24 - Miss
CLMT
Sec Filings
- 4/19/24 - Form 8-K
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- CLMT's page on the SEC website