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.

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Supremex Inc > Anybody notice Share buyback has stopped

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Comment by HermannHalleron Mar 19, 2022 2:33pm

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Post# 34528493

RE:RE:RE:RE:Anybody notice Share buyback has stopped

Management already reaffirmed the plan to buy back shares after the dividend was announced, so no trade-off is being made here. Also, the stock is trading at only 6x earnings. If after announcing plans to continue with the NCIB, they somehow decide that at 6x it is too expensive, and they should wait for a better opportunity, that's negligence.

Capharnaum wrote:

Aspertheoldman wrote: It might be a trade-off between paying a dividend and buying back stock

Also, I don't think it's bad that they keep their buyback cash for share price dips.