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Vitreous Glass Inc V.VCI

Alternate Symbol(s):  VCIGF

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

Post by Lawyerupon Jan 30, 2021 12:39pm
346 Views
Post# 32428494

Still here, still loving VCI

Still here, still loving VCII parked some cash here years ago if I needed it.  Originally bought at $3.40 and have enjoyed the special dividends ever since.  When I bought, VCI was thinly traded, small mom & pop operation that appeared to reward insiders and staff who held stock with special dividends rather than bigger wages.   Fast forward 5 years or so and VCI is still a mom & pop operation and still operates the same way as it did previously.  We dropped a bit when covid first hit but I imagine now the raw material available is back to normal.  Would I sell now...no, main reason the markets may get crushed but as before VCI just chugs along as in the past VCI may drop a bit but usually not a lot and the special dividends just keep on flowing.  All the best, Charlie.
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