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Calumet Specialty Products Partners Q2 Earnings Are a Testament to Its CEO's Turnaround Plan


Calumet Specialty Products Partners Q2 Earnings Are a Testament to Its CEO's Turnaround Plan

Perhaps I'm biased because I spend most of my working time looking at oil and gas companies, but Calumet Specialty Products Partners (NASDAQ: CLMT) CEO Timothy Go has to be in the running for chief executive of the year after this most recent earnings report. This is a company that looked like it was on the brink of financial failure, and in just 18 months, Go has turned it around into a well-run, profitable business.

Let's examine Calumet's second-quarter earnings report to see what Go has done to turn this ship around. 

Image source: Getty Images.

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Source: Fool.com

Calumet Speciality Products Stock

€1.94
83.020%
A very strong showing by Calumet Speciality Products today, with an increase of €0.88 (83.020%) compared to yesterday's price.
We see a rather positive sentiment for Calumet Speciality Products with 6 Buy predictions and 1 Sell predictions.
Based on the current price of 1.94 € the target price of 20 € shows a potential of 930.93% for Calumet Speciality Products which would more than double the current price.
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