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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including high-end quality folding carton packaging and e-commerce fulfillment packaging solutions. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 10 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.


TSX:SXP - Post by User

Post by Lawyerupon Nov 23, 2020 1:20pm
832 Views
Post# 31953388

Share Buy Back

Share Buy BackSo far they have only bought back $200,000 worth of stock which is roughly 1/2 percent of the market cap.  Doesn't seem they are agreesively buying back shares at this point unless we see more the next quarter.  Sales and profit are all up and I expect more good news next quarter with such massive online sales requiring packaging.  I presume they will continue to buy small lots of stock going into 2021 and a dividend reinstatement would be made once they have stopped buying back shares.  SXP is really undervalued at this point and is under the radar.  Its not a sexy stock like high tech or cryptocurrency but will eventually move higher.  Just my two cents, all the best Charlie.
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