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Bullboard - Stock Discussion Forum Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates in two reporting segments: the manufacturing and sale of envelopes... see more

Bullboard (TSX:SXP)

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Comment by Moogulon Feb 10, 2023 2:49pm

RE:RE:Stock price dive

Could easily just be a little profit taking after a nice run...  but XTC fell about 10-15% the day they had a cyber attack a few weeks back and it wasnt announced formally until after the close  ...more  
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  • hawkowl1X
Comment by hawkowl1on Feb 10, 2023 12:52pm

RE:Stock price dive

Look at 1 year chart on SXP..Look at todays huge drop in share price on modest volume on no news release from Supremex. Something smells. .Normally OSC would stop trading until they contact Supremex ...more  
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  • Jambalaya54X
Comment by Jambalaya54on Feb 10, 2023 12:44pm

RE:Stock price dive

I hope Hawkowl is correct.  The only other thing  I can think of is that there is a SXP Cryptocurrency that was down big this morning when I searched for news.. Perhaps some smaller ...more  
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  • HermannHallerX
Comment by HermannHalleron Feb 10, 2023 12:39pm

RE:Stock price dive

No news. I suspect some people put in stop loss triggers as the stock ran up, and when that happens with a small cap, it can start dropping pretty fast. It's basically a day trading strategy I ...more  
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  • hawkowl1X
Comment by hawkowl1on Feb 10, 2023 12:21pm

RE:Stock price dive

This could be a deliberate dump to flush out sellers prior to news of going private . I have seen this happen with energy companies prior to a take over bid. Whoever is selling today is part ot the ...more  
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  • UndeniableX
Post by Undeniableon Feb 10, 2023 11:51am

Stock price dive

Am I making sing some news in this stock? Anyone know the reason for the huge drop today? Suspecting it will return to prices after all the selling and buying. 
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  • BarrhaveniteX
Comment by Barrhaveniteon Feb 08, 2023 7:39pm

RE:RE:RE:$8

Yes Sir. For me, as long as the dividend is there I will never sell unless I need cash. SXP is in my cash account so I am wary of the taxman too.
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  • bucheroncapitalX
Comment by bucheroncapitalon Feb 08, 2023 12:07pm

RE:RE:$8

Was just commenting on price to PE and where it could land in a few QT.  Will be looking for more info with the next earnings you're right The Market is slowly recognizing SXP business and ...more  
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  • BarrhaveniteX
Comment by Barrhaveniteon Feb 08, 2023 10:24am

RE:$8

Mr bucheron, not sure about your comment?? if your looking for news the company has likely posted all the news, for now until they report later this month. As far as the increase in your share, the ...more  
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  • bucheroncapitalX
Comment by bucheroncapitalon Feb 08, 2023 9:37am

RE:RE:RE:RE:RE:RE:$8

Could live with 10X !
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  • HermannHallerX
Comment by HermannHalleron Feb 08, 2023 9:32am

RE:RE:RE:RE:RE:$8

Yes, I fully agree. SXP is small, and there is no dispute that envelopes are in structural decline, so this is never going to trade at a blue chip type multple. However, growth has been fantastic, and ...more  
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  • bucheroncapitalX
Comment by bucheroncapitalon Feb 08, 2023 9:25am

RE:RE:RE:RE:$8

Blue chip CCL.b is trading at 18,5X so a player like SXP could trade between 13~15X sustained earnings, to my knowledge actual earnings are pretty sustainable so from here the stock could double and ...more  
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  • Jambalaya54X
Comment by Jambalaya54on Feb 08, 2023 8:32am

RE:RE:RE:$8

Hermann, I assume you were being sarcastic with the lofty 6,3 x PE? What mutiple do you consider reasonable in this industry and where do you feel thie stock price is heading if this quarters results ...more  
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  • HermannHallerX
Comment by HermannHalleron Feb 07, 2023 8:29pm

RE:RE:$8

Probably not this week. Last year they reported Q4 on Feb 24. Interesting day of trading, more than double the average daily volume, another new 52-wk high. National Bank was a big buyer today, which ...more  
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  • BarrhaveniteX
Comment by Barrhaveniteon Feb 07, 2023 12:47pm

RE:$8

They should be reporting this week. Yes No??