Calumet Specialty Products Partners L.P

Calumet Specialty Products Partners L.P is a NASDAQ listed security that has been trading in a range between $28.79 and $55.26 over the past year. With 29,432,000 shares outstanding, a recent price of $50.82 gives a total market capitalization of $1,492,793,995. While there are certainly larger companies, Calumet Specialty Products Partners L.P has definitely earned its place in the pack. Last year, Calumet Specialty Products Partners L.P created $7.55 in earnings for every share outstanding.

Calumet Specialty Products Partners L.P is currently priced by the market at 6.70 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price over $50 a share and earnings per share in excess of $1 a share, Calumet Specialty Products Partners L.P is unlikely to be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.