Supremex Inc T.SXP

Analyst comments - target raised to $10

[HermannHaller]

From 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.”

[Jambalaya54]

Thank you! Good luck to all of us who added to their poitions during this still mostly unexplained pullback and to those who held tight. Nice to see analysts like Trevor Rose and Naji Baydoun actually express an opinion on what has been a infrquently covered company. 

[Undeniable]

Great time to buy!

[Undeniable]

Keep in mind they have surplus inventory as they overbought supplies. This will translate into great numbers for Ist and 2nd quarter. Happy I bought more.