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

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Post by siwashrockon Jun 06, 2024 3:05pm

156 Views

Post# 36075997

Three things to like:

First, we got hit with dividends

again today. Second, interest rates have

begun to decline in Canada. This should improve

the Packaging division results over time. Recent

packaging ebitda margins have been as low as 6%.

CEO claims they can return to 20%. Third, company

has resumed buying shares near max amount per day

in May (to view, click on Insiders near top of page). That's

around 200,000 shares per month! Company is paying about

.3x sales to buyback shares. I guess that makes sense when

a.) the economy is slowish and b.) they seem to have to pay at

least .6x sales for recent acquisitions. Good use of capital, I hope.