Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, November 14, 2014

Article Excerpt

CHEMTRADE LOGISTICS INCOME FUND, $21.40, symbol CHE.UN on Toronto, is one of North America’s largest providers of removal services for resource firms, such as oil refineries and base metal processors, whose operations create sulphur, acid and other by-products. Chemtrade converts these substances into useful chemicals, like sulphuric acid. The company reported that its revenue rose 56.9% in the quarter ended September 30, 2014, to $324.6 million from $206.9 million a year earlier. That’s largely due to General Chemical Corp., which Chemtrade bought for $900 million U.S. in January 2014. General makes a range of chemicals, including aluminum sulphate, aluminum chlorohydrate and ferric sulphate (all of which are used in water treatment), as well as ingredients for prescription drugs, nutritional supplements and veterinary products. Chemtrade’s cash flow jumped 81.9%, to $44.6 million from $30.3 million. However, cash flow per unit rose at a slower pace of 23.4%, to $0.95 from $0.77, on more units outstanding after the General Chemical purchase. In the wake of the…