Supremex Inc T.SXP

Alternate Symbol(s): SUMXF

Forest Products Paper & Paper Products

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.

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Supremex Inc > What is going on

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Comment by HermannHalleron Feb 15, 2023 4:08pm

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RE:RE:RE:RE:RE:RE:What is going on

I would be disappointed if they do an equity raise. Repasting here from my earlier post:

The company reported net debt to EBITDA at the end of Q3 of 0.6x. If you add in the two acquisitions, and assume some modest level of EBITDA from these companies, it looks like they are now around 1.3x. That is still well below where they were a couple of years ago, and below their stated target limit of 2.0x. So I wouldn't expect them to issue equity any time soon. Unless of course they see more acquisition opportunities, but the company historically doesn't do that many deals in such a short time. Maybe a year from now.

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