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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 through two segments: the manufacturing and sale of envelopes and the... see more

TSX:SXP - Post Discussion

Supremex Inc > From conference call...
View:
Post by HermannHaller on Aug 10, 2023 10:53am

From conference call...

The CEO spoke in detail about three 'temporary' factors impacting the quarter:
  • destocking by big customers that had added excess inventory during covid
  • delay in direct mail by credit card and charities, given rapid rise in int rates
  • complications of too many acquisitions in too short a time
Quarter was only disappointing because of all three happening at once, otherwise they think they would have managed better. He gave a very bullish outlook. They have already seen orders pick up for July and Aug in both envelope and packaging.

Pullback in stock price will be short term event IMO.
Comment by Moogul on Aug 10, 2023 8:18pm
Great to hear, I didn't tune in. I think as long as the free cashflow roles in and debt is rapidly paid off along with a now near 3% divy I can wait for better times. 
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