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Imaflex Inc V.IFX

Alternate Symbol(s):  IFLXF

Imaflex Inc. is focused on the development and manufacturing of solutions for the flexible packaging and agriculture industries. The Company’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Its polyethylene films are mainly sold to printers known as converters, who process the film into a finished product to meet their end-customer needs. Additionally, its films are sold directly to customers to protect and market their own products or bought by distributors for re-sale. Its agricultural films are finished products, predominantly sold directly by the Company to growers. Its portfolio includes common mulch, compostable and fumigant barrier films, as well as metalized crop protection films that add pest/weed control and/or accelerated growth benefits beyond those provided by its common mulch films. It has manufacturing facilities in Canada and the United States.


TSXV:IFX - Post by User

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Post by Ciaoon Nov 28, 2024 8:04am
209 Views
Post# 36335223

Earnings out

Earnings outGreat results on comparable quarters and should be compared as such due to plant shutdowns. Gross margins are affected as employees take vacation and are paid during the plant closure.

YTD EPS is 13. Valuation is very attractive on many metrics.

EPA doesn't give a timeline for approvals, so it's now 3 to 6 months or by spring 2025 as it was estimated in the last interview to be 6 to 9 months.






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