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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

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.


TSX:SXP - Post by User

Comment by Moogulon Nov 10, 2023 2:55pm
147 Views
Post# 35729118

RE:SXP

RE:SXP

I think all the bad news is now baked into the name with the negative impacts levelling off and the company still able to spin off a ton of free cash flow to pay its divy, but back stock and meaningfully pay down its debt. At this rate its debt could be cut by +70% in a year which frees up a considerable more amount of free cash flow (given interest rates).  If shares remain this cheap next year and once more debt is paid off I’d like them to really smash the NCIB or even do a Dutch auction style lump sum buy back. SP should get back to 8+ at some point in the next 12-24 months and that’s a nice return with the ~3.5% divy while we wait.

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