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 through two 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 high-end quality folding carton packaging and e-commerce fulfillment packaging solutions. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 10 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.

TSX:SXP - Post by User

Supremex Inc > NCIB active again

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Post by HermannHalleron Jun 06, 2023 1:52pm

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Post# 35482843

NCIB active again

The company bought a few shares back last week at $5.50. This is after not buying any for several months.

I have to admit, I think there was someone here who suggested last year that the company had a $5.50 limit on the buyback. I thought that was a crazy idea, why would the company put an arbitrary limit on it? And at such a low level? I guess I was wrong.

At least we know what the company is thinking, and we are safe to assume that $5.50 will be the low on the stock, with the NCIB supporting it at that level. They will wish they had bought back more when it goes over $10.

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