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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 and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including folding carton packaging and e-Commerce fulfillment packaging solutions. Other packaging and specialty products include the Conformer Products, labels, record sleeves and jackets, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates over ten manufacturing facilities across four provinces in Canada and five manufacturing facilities in three states in the United States.


TSX:SXP - Post by User

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  • HermannHallerX
Post by HermannHalleron Mar 01, 2023 7:56am
308 Views
Post# 35311802

Analyst comments - target raised to $10

Analyst comments - target raised to $10From Globe Investor:

* IA Capital Markets’ Naji Baydoun bumped his Supremex Inc. target to $10 from $9.50 with a “buy” rating. The average is $9.58.

“On the envelope side, SXP has stabilized its business and optimized its asset base to serve U.S. clients; coupled with pricing power in Canada, the Company has improved its envelope profitability and is gaining market share to help offset volume declines,” he said. “In packaging, the focus remains on utilizing excess capacity to pursue growth opportunities in the key folding carton and ecommerce verticals. On the M&A front, the recently completed acquisitions have the potential to generate significant incremental revenue and EBITDA for SXP once fully integrated (we estimate 5-10-per-cent upside to run-rate expectations). Overall, we view the recent pullback in the stock as an attractive buying opportunity for investors given (1) the significant upside potential (more than 100 per cent by our calculations), and (2) limited downside risks (5 per cent by our estimate) that we see in the shares.”

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