Vitreous Glass Inc V.VCI

Long term investor

[Lawyerup]

I originally bought VCI many years ago at $3.60/share and the dividends have more than paid for my investment.  I sold some when we went over $6 to take some profit but still have quite a few shares.  The one big thing with VCI it is volatile as with many dividend paying stocks on the TSX and Venture.  On the plus side it is well run and management have a significant amount of shares.  It might dip more but as a long term holder I have faith in the company and the price always recovers.  Just my two cents.  Cheers Charlie.

[EverydayCap]

Hi Charlie, With all due respect, can you check your numbers? If you did indeed pay $3.60, you would have bought no earlier than Q4 2015. Over the 7 years that ensued, VCI has not paid >$3 in dividends.  There's no denying that VCI pays a good dividend. But the total returns since 2015 are in-line with the SP500. When you account for the poor liquidity, lack of earnings growth

[Lawyerup]

My iScotia acct shows I bought it at $3.62 which I have had it a number of years.  I sold half my position when it jumped over $6 but still have a considerable amount.  Its a small mom and pop operation and the insiders are major owners of the stock.  Bottom line it has been a worthwhile investment for me and one that I can sleep at night knowing it is pretty safe.

[BarstoolSage]

Starting to follow this Charlie. Guess dividends are variable with earnings and there is a large inside ownership position in this small float calling for them as those earnkings become kown Niche recycling business with defensible competetive edge in recycling licenses and location, facilities and know how catering to insulation industry Just about right? Your $3.62 is a beauty here as it