CINR tanks | MLPs Message Board Posts
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Msg  104189 of 105312  at  6/19/2019 6:32:22 PM  by

jrad51


 In response to msg 104129 by  W
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Re: CINR tanks

 Who knows what happened?  Maybe Mr. Milling gave notice to take a similar job at GEL's soda ash operation and the company said leave tomorrow instead.
 
But there's kind of a pattern here.  The CFO resigned in December, giving exactly 2 weeks notice.  For a named executive, 2 weeks is also really short and for a CFO to resign like that just before the year-end close is really unusual.
 
It could be as simple as dissatisfaction with pay - I think CINR cut back on incentive comp in 2018 and that could be it.
 
I don't own CINR but it's tempting.  If they were telling the truth - operations should be good this year and they cut the distribution specifically to fund the big expansion/efficiency project, maybe today's price is great.  I don't see any hurry, though. 


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