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 Feb 08, 2015 5:29pm

244 Views

Post# 23408948

RE:Anybody Contacted the Company?

It doesn't look like there is any plan for growing this company. If you go through the MD&A from the last financials, on the first page :

"
• The Company presently has no plans for significant capital expenditures in the near future.
"

and on the last page :

"
Future plans

The Company plans to continue to manage its waste glass processing operation cautiously.
"

So this stock is about buying a company with very good profitability, value, and a high dividend yield, but with the risk associated to building industry economy and the fact that they only have 3 customers buying all of their products.. !

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