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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

Comment by Apaulsonon Jul 21, 2024 9:30am
81 Views
Post# 36141649

RE:RE:Insider buying full list ceo.ca

RE:RE:Insider buying full list ceo.caFurthermore, if you look at the last Notice of Meeting and Management Information Circular dated March 8, 2024, it is clearly evident that management and the directors are milking this company dry with performance units, compensation, termination benefits, etc.  There is no logic for such high management compensation given its performance.  That is partly what the analysts don't like.  Allan MacDonald and the other management and directors just get to sit back and get paid no matter how poorly the company does.  Sure, if they beat their metrics, they get paid more, but my point is they still make money if the company loses based on the compensation plan and PSUs in place.  It's not a win-lose situation for them.  Its a win/win some more situation, which is not in shareholder's interest.  And that is why I say the company's management is bloated.
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