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Bullboard - Stock Discussion Forum Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based company, which is a distributor and marketer of propane and distillates and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane... see more

TSX:SPB - Post Discussion

Superior Plus Corp > Struggling with management here
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Post by Baystboy07 on Apr 12, 2024 1:46pm

Struggling with management here

We are near a 52 week low, down 40% plus from the high and pretty much at a 3 year low. I understand the winter was warmer than normal....but WTF has to happen to get management to get the NCIB going and start supporting the Fuc&ing stock price!!!

IIROC short report shows short position increased by almost 500k shares last two weeks of March.

We take one step forward and three steps back.

GLTA
Comment by Freezerburn on Apr 12, 2024 3:06pm
I only buy at $9.08
Comment by packerdriver on May 06, 2024 5:26pm
You say you understand about the "winter being warmer than usual"...you sould also understand that in that operation there are no cost savings resulting from lower volumes/customers. You still have the same number of trucks going out on routes, maintenance of these is a big expense given what they are carrying...there are no savings to be had. ( I was a SPB dispatcher in a small market ...more  
Comment by Baystboy07 on May 07, 2024 3:59pm
I also understand that the "synergies" that the former CEO kept flapping his mouth about never could be proved to materialise to any analyst. I also understand that shareholder have been thrown under the bus by management not willing to use NCIB or try and pay debt down. I also understand that the analysys and big buy side investors  smack these guys over the head for having too ...more  
Comment by packerdriver on May 08, 2024 10:16am
From your mouth to the CEO's ears!!! All that is probably on the way. I click on a 10 year chart and I beleive SPB is a screaming buy down here. Getting well paid to watch/wait for your predictions/fixes come to pass. Regards.
Comment by Baystboy07 on May 08, 2024 3:11pm
Considering the top 7 executives (3 of which are departed) received $34 million in compensation in 2023 my patience is wearing thin.