Supremex Inc T.SXP

SXP Strong 1st quarter results!

[hawkowl1]

Supremex Announces Strong Q1 2021 Results

• Total revenue increased by 2.3% to $53.6 million , from $52.4 million in the first quarter of 2020.
• Envelope segment revenue was down 2.3% to $38.3 million , from $39.1 million in the first quarter of 2020.
• Packaging and specialty products segment revenue increased by 15.6% to $15.3 million , from $13.3 million in the first quarter of 2020.
• EBITDA 1 increased by 22.1% to $9.4 million , up from $7.7 million in the first quarter of 2020 resulting primarily from growing packaging and specialty sales and operational efficiencies.
• Adjusted EBITDA 1 was up by 14.5% to $9.5 million , from $8.3 million in the first quarter of 2020.
• Net Earnings at $4.1 million (or $0.15 per share), up from $2.6 million (or $0.09 per share) in the first quarter of 2020.
• Adjusted Net Earnings 1 at $4.2 million (or $0.15 per share), up from $3.1 million (or $0.11 per share) in the first quarter of 2020.
• Recorded $0.6 million of assistance from the Canada Emergency Wage Subsidy ("CEWS") program.
• Acquired Vista Graphic Communications, LLC, a print and folding carton supplier that brings the Company's manufacturing closer to its American e-commerce packaging customers.
• Purchased 221,900 shares for total consideration of $473,887 as part of the Company's Normal Course Issuer Bid (''NCIB'') program.

[chrischapman256]

How is this still at $2.20 after this quarterly result? What is motivating the sellers at these prices?

[bucheroncapital]

With the current earnings ? this stock should be trading a 3,50$-4,00$ , I bought more today even if it's above my actual cost. like this management a lot , and the fact a trust (Zucker) owns a big share is a margin of safety . I Think that 2,20$ is a fine entry point and the next few QT should push this one to $3,00 , Go SXP ! GLTA