Group 1 - Calumet, Inc. (NASDAQ: CLMT) has distinguished itself in a competitive field, marking a significant turning point in its journey [1] - The company has a history of resilience, having weathered multiple market crashes over the decades [1] Group 2 - The article reflects a personal investment perspective, indicating a beneficial long position in CLMT shares [2]

INDIANAPOLIS, Jan. 15, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") provided an update on its recent financing activity, including the pricing by its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp., of their private placement of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "Notes Offering") and registration its $65 million at-the-market equity program (the ...

Offering Details - Calumet Inc announced a private placement of $100 million in aggregate principal amount of 9 75% Senior Notes due 2028 under Rule 144A and Regulation S [1] - The New Notes will be issued at 98% of par and are expected to close on January 16 2025 [1] - The New Notes mature on July 15 2028 and are a mirror issue to the existing 9 75% Senior Notes due 2028 with $325 million in aggregate principal amount issued on June 27 2023 [2] Use of Proceeds - The net proceeds from the Offering will be used to redeem a portion of the Issuers' outstanding 11 00% Senior Notes due 2026 on or before April 15 2025 [2] Securities Offering - The securities will not be registered under the Securities Act or any state securities laws and will be offered only to qualified institutional buyers and non-U S persons outside the United States [3] Company Overview - Calumet Inc manufactures formulates and markets specialty branded products and renewable fuels operating twelve facilities throughout North America [5]

INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that, subject to market conditions, its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), intend to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), $ ...

INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that the Company has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") establishing an at-the-market equity offering program (the "ATM Program") under which it may issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $65 million (the "Offered Shares"). Calumet intends to use the net proceeds from ...

INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the fourth quarter ended December 31, 2024. Based on preliminary data, the Company currently expects to report a net loss between $54 million and $24 million and Adjusted EBITDA between $45 million and $60 million for the fourth quarter 2024.  For a reconciliation of the preliminary estimate of Adjusted EBITDA to preliminary estim ...

Calumet, Inc. (CLMT) recently announced the completion of a $1.44 billion guaranteed loan facility that had been awarded by the U.S. Department of Energy (DOE). The funding, designated for Renewable Fuels and Biomass Energy, will support its subsidiary, Montana Renewables.How Will CLMT Benefit From the DOE Loan?The expansion program includes several developments, such as a second renewable fuels reactor, removing the bottlenecks of any of the existing units, installing SAF assets that can be used for blendi ...

Summary of Calumet, Inc. Analyst Update Call Company Overview - **Company**: Calumet, Inc. (NASDAQ: CLMT) [1] - **Date of Call**: January 13, 2025 [1] Key Participants - **Company Participants**: - John Kompa - Director, IR [1] - Todd Borgmann - Chief Executive Officer [1] - Bruce Fleming - EVP, Montana Renewables and Corporate Development [1] - **Conference Call Participants**: - Roger Read - Wells Fargo [1] - Neil Mehta - Goldman Sachs [1] - Saumya Jain - UBS [1] - Jason Gabelman - TD Cowen [1] - Amit Dayal - H.C. Wainwright [1] Core Points and Arguments - **DOE Loan Closing**: The call primarily focused on the recent closing of the Department of Energy (DOE) loan for Montana Renewables, which is a significant development for the company [2][4]. - **Forward-Looking Statements**: The company provided cautionary statements regarding forward-looking statements and advised participants to refer to their press release and SEC filings for factors that may affect actual results [3]. Additional Important Content - **Access to Materials**: Participants were informed that slides accompanying the call could be downloaded from the investor relations section of the company's website, and a replay of the call would be available shortly after [2]. - **Company's Strategic Focus**: The mention of Montana Renewables indicates a strategic focus on renewable energy initiatives, which may align with broader industry trends towards sustainability [4].

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Core Viewpoint - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] Group 1: Momentum Investing Strategy - Momentum investing involves betting on stocks that are trending upwards, but determining the right entry point can be challenging [1] - Stocks can lose momentum if their future growth does not justify their inflated valuations, leading to potential losses for investors [1] Group 2: Investment Approach - A safer investment strategy is to target bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] - The 'Fast-Paced Momentum at a Bargain' screen helps identify fast-moving stocks that remain attractively priced [2] Group 3: Calumet, Inc. (CLMT) Analysis - Calumet, Inc. (CLMT) has shown a four-week price change of 1.7%, indicating growing investor interest [3] - Over the past 12 weeks, CLMT's stock has gained 8.4%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CLMT has a beta of 1.9, suggesting it moves 90% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Performance Metrics - CLMT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [6] - CLMT is trading at a Price-to-Sales ratio of 0.44, indicating it is undervalued, as investors pay only 44 cents for each dollar of sales [6] Group 5: Additional Opportunities - Besides CLMT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [8]