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 > Dividend

<< Previous

Bullboard Posts

Next >>

Comment by mjh9413on Oct 19, 2021 12:39am

258 Views

Post# 34020935

RE: Dividend

Pity only 8 cents but still relatively decent yield. Since Cashion and wife own over 25% of shares is good for him and, of course, he gets share of cash flow or revenues (going on memory here) as part of salary so this div is icing on the cake to him. (His compadre gets share of net income as part of his salary.) They all do very well.
Trouble is we have to wait to Dec to see FY results and presumably they are basing 8 cents on this, no more. Trust, however, they maintain $1.5MM or more in revs over this and coming qtrs, whch wud make 8cents sustainable.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing