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 > Long term investor

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Comment by BarstoolSageon Mar 14, 2024 6:51pm

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Post# 35933824

RE:RE:RE:Long term investor

Starting to follow this Charlie.

Guess dividends are variable with earnings and there is a large inside ownership position in this small float calling for them as those earnkings become kown

Niche recycling business with defensible competetive edge in recycling licenses and location, facilities and know how catering to insulation industry

Just about right? Your $3.62 is a beauty here as it returnes a nice bit of change per year on your acb.

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