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 solution 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. The Company also manufactures and distributes a diverse range of paper-based packaging solutions and specialty products, including folding carton packaging, e-commerce solutions, and labels. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 11 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.

TSX:SXP - Post by User

Supremex Inc > Excess cash

<< Previous

Bullboard Posts

Next >>

Post by screamer99on Apr 12, 2024 2:34pm

128 Views

Post# 35986334

Excess cash

This company has a lot of it and has been putting it to use over the last 3 months.

Share purchases under the NCIB totaled $1.8m from Jan to Mar/24. In these three months, there have been more share repurchases than all of FY23 ($1.4m).

At this rate, the NCIB will be exhausted by the end of July but this assumes the share price stays around these levels.

I expect more share repurchases in April and early May until the quarter's results are filed. We'll see what happens after that. But until then, even after taxes, debt repayments, dividends, and whatever they need for capital expenditures, the company has excess cash that they are putting to good use.

<< Previous

Bullboard Posts

Next >>

Now trading on the TSX Venture Exchange: Kootenay Resources Inc.