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Vertex Resource Group Ltd V.VTX

Alternate Symbol(s):  VTXGF

Vertex Resource Group Ltd. is a Canada-based provider of environmental services. It provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. Its segment includes Engineering and Environmental Consulting services and Environmental Services. Environmental Consulting consists of a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. These services span multiple industries including energy, mining, utilities, forestry, private development, public infrastructure, telecommunications and government. Environmental Services consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities, in an environmentally safe manner. Services include fluid management and logistics, waste and recycling, agriculture, and hydro-excavating.


TSXV:VTX - Post by User

Comment by mrmoribundon Dec 23, 2022 12:50pm
181 Views
Post# 35189807

RE:Insiders

RE:InsidersThose insider buys appear to be part of some sort of internal RRSP purchase program. It may be the company is partially matching purchases or they are otherwise below market. Definitely not as good as ordinary buys on the open market.

Much more impressive is Terry Stephenson's purchase of 1,081,054 shares last June 27. Shows real conviction. But it was a while ago.

Stephenson says Q4 is looking to be something like "more of the same" as Q3. If that turns out to be right then, yes, the stock looks very cheap.

The wild card is VTX's debt levels. A real two-edged sword. If results continue as strong as in Q3, and especially if those two 2022 acquisitions play out as the company hopes, then the debt will actually be a good thing. More operating leverage.

But, if operations were to stumble . . . well . . . that debt could suddenly be a real problem. Fear of this is likely what's holding the stock back.
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