Supremex Inc T.SXP

Share Buy Back

[Lawyerup]

So far they have only bought back $200,000 worth of stock which is roughly 1/2 percent of the market cap.  Doesn't seem they are agreesively buying back shares at this point unless we see more the next quarter.  Sales and profit are all up and I expect more good news next quarter with such massive online sales requiring packaging.  I presume they will continue to buy small lots of stock going into 2021 and a dividend reinstatement would be made once they have stopped buying back shares.  SXP is really undervalued at this point and is under the radar.  Its not a sexy stock like high tech or cryptocurrency but will eventually move higher.  Just my two cents, all the best Charlie.

[hawkowl1]

Trading volume has been higher than normal for most of November. Any chance Jerry Zucker trust considering take over at this point in time? Once they announce return of dividend at previous levels this will be near  or above $3. If no buy out ,I am thinking dividend news in late Spring.  

[DanielDarden123]

L...up,  You seem to be forgetting that the dividend was suspended because the balance sheet needed attention post the purchase of Royal early in the year. All issuer bids require available cash to fund the purchase of the shares. Protecting the share price with the lowest buys seems to be prudent until the balance sheet is sound enough to reinstate the dividend. Historically the CEO and

[bucheroncapital]

For my part I don't expect or need a dividend , as a shareholder I focus on balance sheet improvements and the non dilutive deal is very positive for me.