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Bullboard - Stock Discussion Forum Vitreous Glass Inc. V.VCI

Alternate Symbol(s):  VCIGF

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers. Geographically it caters its service to the Canadian market.

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RE:Shareholder oppression?

Yeah, I don't think "shareholder oppression" captures whats going on here. As mentioned previously, Pat Cashion collects the vast majority of his compensation through dividends, given...read more

RE:Shareholder oppression?

Cashion's salary is under $100k/year. You do realize that he owns 30% of the company right? The vast majority of his compensation (90%) is from dividends. VCI paid out $2.7million in dividends...read more

Interested in Possibly becoming a shareholder

I've been watching the company ticker for a little over a month and how it kinda acts, I've read all the messages on this board, and news releases that really don't give much info, but nor...read more

Shareholder oppression?

Does everyone here realize that the CEO is being paid over $700k a year? That works out to about 2.5% of the market cap, and is among the highest in Canada on a % market cap basis. It's extortion....read more

RE:RE:CEO selling the top

About 30k shares traded between Friday and today. That means there at least 170k left for the CEO to sell before the selling subsides. It seems as if he's insensitive to price and will...read more

RE:CEO selling the top

https://twitter.com/everydaycap/status/1456415760176222218?s=21  rate and reply

CEO selling the top

I'm not sure why there's disappointment with the eight cent dividend. A normal year for the company is $.32, and anything higher is due to unusual circumstances.  Pat is now selling 200...read more

RE: Dividend

Pity only 8 cents but still relatively decent yield. Since Cashion and wife own over 25% of shares is good for him  and, of course, he gets share of cash flow or revenues (going on memory here...read more

Dividend

Airdrie, Alberta--(Newsfile Corp. - October 18, 2021) - Vitreous Glass Inc. (TSXV: VCI) (the "Corporation") is pleased to announce that the Corporation declared a cash dividend (the "...read more

RE:RE:Valuation

Don't see how Joanne wud change direction of company. For 26 years it's done same thing. Buy glass from western provinces and prepare for sale to fibreglass manufacturers in western canada. In...read more

Quite a drop last couple of days

I will add again if we go under $5.  VCI seems to be very volatile.  Any quick ramp up in prices over the $6 mark seems to be a good time to sell then wait for a drop.  All the best...read more

RE:Valuation

Significant price increase, coupled with good volume! As per a previous mention, I believe the hiring a while back of that new, high powered, no nonsense Director, Joanne Hruska, is helping to effect...read more

Valuation

I decided to move some profit off the table sold some today at $6.25 its been a nice ride since the $3 days.  VCI has moved above my target so I decided to rule out emotion and stick with my plan...read more

RE:RE:Another unusual jump in price

With sp increase and special dividends this has been a great stock to own. Always seems to be retail interest based on volumes but this was unusual today. So, despite their Apr 2021 explanation and...read more

RE:Another unusual jump in price

Been following this stock for a while now, regret not buying the BBQ dip in 2020, took a small position, although uncertain Dividends, the company is being run properly and revenue is climbing YoY.  rate and reply

Another unusual jump in price

14% jump this morning.  Makes you wonder if something is going on behind the scenes with a big jump in price and volume with no news.  rate and reply

RE:RE:RE:RE:Still here, still loving VCI

Let's see how Hruska can contribute to the well being of this little mom & pop operation. Gleaning what I have off of her on Bloomberg, she has a gritty attitude.  All that tells me is...read more

RE:RE:RE:Still here, still loving VCI

I might be wrong but the special dividends are not ROC. The dividend is considered a dividend an eligible dividend for tax purposes though. I am not sure why exactly there is more interest in VCI with...read more