Catalysts Quickly Approaching For Calumet
What Stood Out In The Q1 Report & An Update On What Is On The Horizon For The Business This Summer
Note: Buying units of Calumet will require a K-1 tax form.
Calumet Specialty Products Partners CLMT 0.00%↑ reported earnings last Friday, and it looks like we are quickly approaching at least one of the catalysts I wrote about in my original post. It’s possible that we get all of them by the time Calumet reports Q2 results, but the timing on one of the catalysts looks murky to me. I’m expecting that the C-Corp conversion should be complete in the next couple months, and the business should have better results in Q2 versus Q1. Trying to figure out when the DOE loan might be finalized is much more of a guessing game for now, but management has said that they are in the “late stages” of the approval process.
