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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 > It's hard to find
View:
Post by ramman1 on Jan 06, 2025 9:45pm

It's hard to find

(1) A company going from Divi reduction model , to aggressive buy-back mode in a very short time. Most companies reduce divi out of pure NEED.  .(2)  One that makes the change in latter part of year . (3) One that actually follows through on the buy-backs they guide to . (4) One that actually has buy back guidelines in place (going forward for the investors),refer to latest P/R -----.Conclusion: ''All good''.
Comment by pennydredful on Jan 07, 2025 8:53am
company knifes their  own shareholders  in  the back  by  making  an extreme  dividend cut  , then  scoops  up  their shares  into  the  subsquent  sharp tax driven sell off  using  the  same  money that would  have been used for the dividends!   
Comment by ramman1 on Jan 07, 2025 9:29am
All adds up for me  to a (40% rise ?) in share price this year, 12-15  month horizon , plus the %  left from remaining divi, moving in % terms on share price. ''I'll take that for 2025,thanks''.  .  -- 4.2 % of stock repurchased at these levels already ,  ( and  35 mil ''per Q'')  from divi reduction savings going to buy ...more  
Comment by himmler on Jan 07, 2025 10:29am
Company has to " prove" what it's doing . It'll take time.This is not a get rich quick play.And there's Brookfield in there too.And definitely nobodys here for the dividend anymore. Need s crystal ball to see a year out.One thing for certain in my opinion..shareprice won't be much lower than now.Even the weather's cooperating.
Comment by Apaulson on Jan 07, 2025 11:01am
You don't know anything heinrich himmler.  You've been saying the same thing for the past year.  Catch that falling knife.....
Comment by incomedreamer11 on Jan 07, 2025 11:37pm
For me it is DEAD MONEY in nearest future,  only buy back shares not resolved problems  and not restore trust in managment.
Comment by himmler on Jan 08, 2025 11:40am
True that buying back shares doesn't solve issues short term .As for trust,well,I can certainly see that taking a hit .Especially what happened to the dividend. But nobody knows what the future holds.With the cold weather,it has to be a plus.And even with that we don't know how their sales/ strategy will work. The share price has been range bound now for quite a while,which is rather ...more  
Comment by Apaulson on Jan 08, 2025 1:49pm
I've been proving you wrong for the last 12 months, heinrich himmler.  Try to come up something relevant besides your hunches based on nothing.  I didn't read your post fully but there's nothing in it that would pass for analysis or valuable insight.  Managment sucks, haven't performed, stock overpriced on every metric.  Your debate skills suck heinrich.
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