CLMT earnings call for the period ending March 31, 2019.
News & Analysis: Calumet Specialty Products Partners
A specialty petroleum products supplier, a propane distributor, and development-stage gold and copper miner have struggled mightily recently.
Petroleum product manufacturer Calumet Specialty Products has struggled to escape operational and financial holes for years, but says it has completed one round of improvements and sees more ahead.
CLMT earnings call for the period ending September 30, 2018.
Even though the numbers don't reflect a good quarter, there were clear signs of progress on the company's turnaround plan.
These two refiners are working through big changes, but one has a stronger foundation on which to build.
Calumet has executed well on its turnaround plan over the past two years, and looking at this stock as a viable investment isn't the absurd idea it used to be.
Calumet and Delek have both rewarded investors well over the past 12 months. Is one stock better than the other at this point?
Sifting through businesses on the road to recovery can lead to big gains for investors. Unfortunately, turnaround stocks can also lead to huge investing mistakes.
The refining company is working on a turnaround, but is it far enough along in that process to justify a buy?