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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 mickeymouseon Nov 06, 2024 11:20pm
215 Views
Post# 36300227

Analysts and Bankers like commissions from stock churn

Analysts and Bankers like commissions from stock churnAs retail investors bail out the brokers make money on the transition - that is why they promote share buybacks versus dividends -  brokers don't make money when you buy and hold to collect dividends -so you think share buybacks are going to make a difference with about 250 million shares outstanding - do the math- it is going to take several years of buybacks to make a significant difference even if they do spend the entire $135 million previously allocated for dividends in buybacks this year (that would reduce the share count by about 20 million shares) - they already mentioned acquisitions in the press release - do you really think they will put the dividend savings entirely towards buybacks - not likely when they clearly have an empire building agenda - not to mention stock options to management which you can bet they will hold off awarding until the stock price dips even further in the next few days - that will bring some cash into the company if exercised but negates part of the impact of the buybacks.

Shareholders own the company - they deserve a reasonable compensation on their investment - an 18 cent yearly dividend on a stock price at 6.75 equates to a 2.67% yield - do you really think any sane retail shareholder is gong to buy this when you have blue chips like Enbridge paying 6.3% or BNS paying 5.7% - especially when you have management that has a history of cutting the dividend - as for the argument that they will grow the company with the "dividend savings" how did the last acquisition work out - is propane a growth industry with the green agenda??


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