2024-02-11 05:05:00 ET
Summary
- We recently initiated an investment in Calumet (CLMT) in the event-driven portfolio.
- Calumet has three hard catalysts expected to play out in the next year.
- I believe Calumet's renewable energy business is a crown jewel asset that is worth more than the current market cap of the company.
- It is unusual to find a company like Calumet with several hard catalysts and such a clear path to unlocking value for minority investors.
The following segment was excerpted from this fund letter.
Calumet Specialty Products Partners ( CLMT )
We recently initiated an investment in Calumet in the event-driven portfolio. Calumet fits firmly within the "moderate risk, high reward" bucket of our portfolio for reasons that will be apparent....
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For further details see:
LVS Advisory - Calumet: Fits Firmly Within The 'Moderate Risk, High Reward' Portfolio Bucket