Superior Plus Corp T.SPB

Started to nibble again

[DrillMonkey]

I've been watching SPB for about a year now, and even bought it in July 2024 for a brief period, but got stopped out. I've started to buy back in this week because I think it's severely undervalued, and because insiders have been buying (plus NCIB). I'll keep adding some more each day until the end of tax loss selling season (Dec 30). I still have some reservations about it (management is sub-par and needs a pay-cut & hydrogen business is iffy and opaque), but I think there's such deep value here now that it has to be a buy.

[1condor]

DrillMonkey...2025 will be the year for SPB. That is my take on it.

[Schussing56]

For the propane business but, we're still at least 10 years away (and billions of investment in infrastructure) from most hydrogen companies (Certarus) being viable. Superior Plus will continue to sputter and now that the dividend has been reduced so dramatically, the share price will continue to drop. 

[DrillMonkey]

I'm actually more concerned with the overpaid, under-delivering, management team than I am with the Hydrogen business. But, in just the propane business alone I think there's good value at these prices. 

[Wellnowexpert]

I was married to SPB for years when it paid a nice monthly divy, a bit upset when they started quarterly divys then really upset and disappointed with no longer paying out .18 (Q) to now buying their own stock and paying (what .04 a Q). I was done with the stock when they did this and kinda upset I didn't read the tea leaves sooner. I took a hit and instead bought an ETF (lots out there that

[Davesnothere]

Wellnowexpert you are so right about the PSW's ..... God Bless Them. It's almost criminal. May I ask which monthly paying ETF did you chose ? thanks

[Apaulson]

Why is this down today? Because the company just gave a shat-ton of performance shares to its executives. For what reason they deserved it......I have no idea.

[ol_griz]

I wouldn't expect a further drop though you have to be ready for anything with the way this has been punished.  I would say, sadly however, that it will likely be a long, long road back for those of us in at + $12 who held on, as it should be a dividend play and now look at what it's yielding.  Some will buy to await improvement and some will sell figuring it will take too long.&