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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Post by BSdetector2016on Jul 10, 2024 10:31am
162 Views
Post# 36126204

Perma-tanking for three years

Perma-tanking for three yearsLike everyone else I am starting to get sick of it. Cut senior management's compensation, then tie it directly to market cap. No new options. Cut all the deadwood and sell the least profitable divisions of the business. Cut the dividend by $0.04 per share and apply the savings directly to debt. That would lower debt by $10M per quarter if they don't do anything else stupid that would raise it. Market cap, and thus share price, will start to recover if these measures are taken.

In addition, management (or NEW management) needs to take a hard look at Brookfield's claws in the business. If it is deemed potentially harmful then steps must be taken to reduce its impact.
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