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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including high-end quality folding carton packaging and e-commerce fulfillment packaging solutions. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 10 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.


TSX:SXP - Post by User

Post by DanielDarden123on Apr 02, 2021 1:14pm
306 Views
Post# 32932283

Buyback Bonanza

Buyback Bonanza Bought back >100K shares in March up to $2.40/sh including post the acquisition announcement. Will be interesting to watch the allocation of capital going forward as debt/Ebitda is now <2 times. Historically management has been comfortable with that level. Will the Board lean towards a dividend again or stay with the issuer bid? Insider holders (~30%) will likely determine that.
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