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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Bullboard Posts
Comment by Ogre2on Feb 17, 2011 11:14pm
313 Views
Post# 18155685

RE: Definately not the news that many were looking

RE: Definately not the news that many were lookingI am not too distressed by this report.  It is somewhat in line with expectations.
However, I will look at the trading pattern tomorrow to do a potential sell at open and repurchase somewhere around where it bottoms.  Unless open appears to be at bottom.
Reasons:
1. With the dividend cut they free up $42 M per year in cash flow.  Instant profitability.
2. The dividend is still at 9.2% after the cut - at today's price.  Look to this being 10-12% tomorrow.
3. I have short term and long term holdings.  Day trading accounts, dividend accounts, etc.  In my long term dividend portion I still consider this on a sell/rebuy to be good potential.  For instance, I bought a good portion at $10.80 when the sky was falling.  So with a while of reinvesting dividends, I may still sell this tomorrow at profit.  If it really hits, then fine, I'll buy at what is likely an overreaction discount.  The reinvestment, plus the 5% drip bonus, makes it still a good potential.
Of course, I prefer when my dividend stocks do things like AD, EIF, PTO, REI, PBH, etc, but if you play the flips right, bottom stocks can be quite lucrative, if risky.
Cheers,
Ogre
Bullboard Posts