Vitreous Glass Inc V.VCI

Alternate Symbol(s): VCIGF

Building Materials Building Materials

Vitreous Glass Inc. is a Canada-based company, which is engaged in recycling glass. The Company cleans, crushes and sells waste glass to the fiberglass manufacturing industry in the province of Alberta. The Company creates GlasSand cullet for use in fiberglass insulation manufacturing. It operates a waste glass processing plant at Airdrie, Alberta. The plant gathers post-consumer waste glass from Alberta and elsewhere in western Canada, crushes it, removes contaminants, and sells the final product to three manufacturers of fiberglass building insulation for use as a raw material in their production facilities in Alberta. All production from the Company’s Alberta glass plant is sold to two large customers and one smaller one in the fiberglass insulation manufacturing industry in Alberta, which is heavily dependent on the level of housing starts in Western Canada and the Northwest United States. It ships products to its customers based on the customer’s day-to-day consumption estimates.

TSXV:VCI - Post by User

Vitreous Glass Inc

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Comment by gregb66on Jan 19, 2015 11:58pm

147 Views

Post# 23337825

RE:another 0.09 divvy declared

Divs yield and strong earning makes it interesting, but keep in mind that there is no significant growth opportunity, and the management doesn't seems to be interested in growing that company bigger than it is right now.

I also think that there is more risk than it looks with this company, as their revenues comes from only 3 customers... and their performance is very correlated to the construction industry.

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