Superior Plus Corp T.SPB

Brookfield increases position.

[soup4lunch]

You could see the equity issue coming but in the end this moves the company forward towards the end game.
s4l

[1condor]

Well at least for anyone interested in the stock they will be able to pick some up for 11.20 or lower.

[Freezerburn]

Probably will. Brookfield is a lot smarter than me.

[newcoin]

Why would investors not be interested in the stock? Solid dividend payer. I bought on this new issue but it's a new stock for me. I'm only interested in the dividend with a reasonable chance of capital appreciation. Am I missing something?

[Baystboy07]

Overhang on the stock for quite some time as market was expecting a potentially dilutive equity issuance to fund closed acquisition.....will be interesting to see how the market reacts....I am surprised M&B is not participating In the offering amd is being diluted. GLTA

[Longholder99]

Never a bad thing if Brookfield is getting into a company you already have a nice piece of. As long as the div stays the same or increases.

[Konaboy]

Maybe M&B should be now adding to their position and averaging down? I think I'm going to.  The Brookfield support is a powerful signal.

[Schussing56]

Well, yeah, it could be a really good investment. Superior used to have 3 divisions (propane, specialty chemicals, and a construction segment), and they were seriously debt heavy. Luc Desjardins took over and he has reduced debt significantly and he sold off the construction business and is focusing the company on the propane and specialty chemicals. I think they want to become kind of like a

[newcoin]

The specalty chemicals division was sold off last year. SPB is a pur energy delivery company now.

[newcoin]

Energy distribution only. https://www.businesswire.com/news/home/20210218005560/en/Superior-Plus-Announces-Sale-of-Specialty-Chemicals-Business-and-Acceleration-of-Acquisition-Growth-Strategy-in-Energy-Distribution-Business