July 6,2020 Tom Linzmeier Editor

Mechanical Tech (MKTY) has created a new subsidiary called EcoChain. EcoChain will focus on Crypto Mining and Blockchain applications. They are invested in and consulted by a private company, Soluna.

So, who is Soluna?

Dec 5, 2019 – Written by Thomas Linzmeier, founder Access Vietnam Group, LLC

#1 Calumet Specialty Products (CLMT)* $3.06

Regular readers know this story well from previous posts. Calumet is an unappreciated success story in an amazing three year turn around at a $3.5 billion revenue company. CLMT now has $150 million in positive cash flow and a 50% debt reduction over the three years. This should be the final opportunity to buy under $4.00 – maybe $5.00. Management bonus incentives are awarded if management 1) gets the share price to $16.00 and 2) reinstates the dividend. Dividend reinstatement could happen in 2020. All aboard for a great return in 2020 for Calumet. Projected P/E ratio for 2020 is 8.2. A refinery in Great Falls Montana has been identified by management as an asset sale that could cut remaining debt in half. There is no hurry to sell as the asset is generating a very acceptable level of positive cash flow. From the tone of management in conference calls, I am guessing the sale will come in 2020.  Big upside potential here.

November 23, 2019 – Thomas Linzmeier, Access Vietnam Group, LLC

Calumet (CLMT)* $3.20

I have no idea why the shares are where they are at. It is too cheap, yet I can’t say it will not revisit its recent low around $3.00 or lower. Why is the stock down from excellent earnings a week ago? Bear Raid? Year-end tax loss selling? I don’t know. Tax loss selling is usually over by mid-December.

By the numbers the company is doing great. Latest earnings report November 12, 2019.

October 25, 2019 Tom Linzmeier

For the USA stock market to rally, we need to see a couple of things:

• Interest rates need to RISE, not fall. Falling interest rates at this point are not stimulating the economy. Banks need a spread between short term deposit rates and long term lending rates. Companies and Companies need a signal that the economy is growing to stimulate cap-X and expansion. If they see a no growth or contracting economy, corporations will sit on cash until there is a reason to put their cash back to work.

With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company.
An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration of income, wealth and population, would propel Vietnam’s commercial success by 2030.
Published last month, the research database has found that Vietnam will be the third biggest urban market by consumer numbers and fifth biggest by total spending in Southeast Asia.

Oct 17, 2019 Tom Linzmeier – Access Vietnam Group, LLC

The Pan Group, (PAN) US$1.25

• Difficult 2018 and 2019 to be followed by stronger revenue growth in 2020
• Growth opportunities outside Vietnam
• Capital investment brings strategic partner
• Solid leader inside Vietnam in the agriculture, to include aquaculture and food group 

Calumet is a Refining Company Transitioning to a Specialty Chemical Company.

As part of this transition, Calumet is deleveraging itself. This deleveraging process is about 90% complete.

Published October 12, 2019 by Thomas Linzmeier, editor LivingofftheMarket.com

CLMT is a major commitment for accounts related to LOTM. A turn around “has happened” in what was a heavily in debit and inefficient operating company. This accomplishment is unrecognized by the market.

CLMT is too cheap at the current price. Period.

News from CLMT has been improving month by month. Certainly, the business of CLMT, in the oil industry, is subject to the uncertainty of the oil market.  Even with some quarterly uncertainty, Calumet’s turn around since this management team came on board (March 2016) has been remarkable.

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