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Imaflex Inc V.IFX

Alternate Symbol(s):  IFLXF

Imaflex Inc. is focused on the development and manufacturing of solutions for the flexible packaging space. The Company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Its flexible packaging products are used to protect and preserve the integrity of products and consist primarily of polyethylene (plastic) films and bags, and metalized films. Its polyethylene films are mainly sold to printers known as converters, who process the film into a finished product to meet their end-customer needs. Additionally, its films are sold directly to customers to protect and market their own products or bought by distributors for re-sale. Its agricultural films are finished products, predominantly sold directly by the Company to growers. They are available in a variety of formats and include both metalized and non-metalized films.


TSXV:IFX - Post by User

Comment by TimeScapeon Nov 24, 2021 4:40pm
65 Views
Post# 34163170

RE:RE:great 3rd q results

RE:RE:great 3rd q resultsResults look pretty good, but note that a chunk of the profit comes from the foreign exchange gain due to the change in value of the $Cdn vs the $US.  EPS is 4 cents a share without that.  Margins were down due to resin price increases, but they should be able to mitigate that with pricing increases on their products.  Agree completely on Advaseal.  If they don't get approval for that, I will probably exit the stock.  Unfortunate that the analysis to prove equivalence with existing active ingredients is taking longer than expected, but good that there is no indication that there is any problem.
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