Supremex Inc T.SXP

Alternate Symbol(s): SUMXF

Forest Products Paper & Paper Products

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 in two reporting 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 folding carton packaging and e-Commerce fulfillment packaging solutions. Other packaging and specialty products include the Conformer Products, labels, record sleeves and jackets, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates over ten manufacturing facilities across four provinces in Canada and five manufacturing facilities in three states in the United States.

TSX:SXP - Post by User

Supremex Inc > Share Buy Back

<< Previous

Bullboard Posts

Next >>

Comment by DanielDarden123on Nov 24, 2020 1:07pm

100 Views

Post# 31961695

RE:Share Buy Back

L...up,
You seem to be forgetting that the dividend was suspended because the balance sheet needed attention post the purchase of Royal early in the year. All issuer bids require available cash to fund the purchase of the shares. Protecting the share price with the lowest buys seems to be prudent until the balance sheet is sound enough to reinstate the dividend. Historically the CEO and Board have been content to operate at 2X Debt/Ebitda, which is slightly below the current ~2.5X. It should also be realized that no dilution occurred with the Royal purchase or any prior.

<< Previous

Bullboard Posts

Next >>

Rich TV Live's Stocks to Watch this week (Nov. 22, 2024)