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Bullboard - Stock Discussion Forum 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... see more

TSX:SPB - Post Discussion

Superior Plus Corp > Manipulators are running out of negative material
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Post by stockstarker on Aug 22, 2024 9:45pm

Manipulators are running out of negative material

First it was the company is going to cut the dividend, then it was going to be taken over by Brookfield at a really low price and most recently the railroad strike/ lockout was going to damage the company's business. They have been wrong on every acount. Time for the stock to start rising. With ther expansion into new business opportunities and with Brookfield as a partner the future looks really exciting.
Comment by Rocet98 on Aug 23, 2024 12:34am
There debt levels are the white elephant in the room. Im long Spb They over extended themselves with this last acquisition. And it will take time to play out! They need interst ratesto drop hard and fast. I herd if if the cut divy down to 0.12 per quarter saves them $110,000 million. Could they have cut some 'fat' couple days ago absolutely! I mean top fat cats getting 'plush' ...more  
Comment by InvestSmarter on Aug 23, 2024 1:13am
Management is very confident in the dividend. Cash flow at current dividend level supports debt repayment and capital expenditures. No cut needed. This business is very cash flow predictable, so no need to make adjustments. Heading into Q4-Q1 is the money making season which will contribute most to debt repayment as cash flow comes in. EBITDA growth is healthy. RNG distribution is growing at ...more  
Comment by Apaulson on Aug 23, 2024 7:52am
You know what's not predicable.....SPB's share price.  Analysts has revised them all downward.  BNS's target price is $9 after being $15 a year ago.  The company's metrics are not as rosy as you think. But hey, maybe you'll get lucky and they get taken out.