TSX:SXP - Post Discussion
Post by
siwashrock on Jun 06, 2024 3:05pm
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.
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