Superior Plus Corp | StockChase
224
Superior Plus Corp (SPB-T)

Last Price Recorded: $12.1500 on 2017-11-17

ON STOCKCHASE SINCE Apr 2001

wholesale distributors

Superior Plus Corp


Signal Opinion Expert

2017-10-03

COMMENT
Superior Plus Corp (SPB-T)

This was a pure propane business, and then went into building products, pulp chemicals, and none of those worked out very well. The history of expanding its product line is not a great one. However, this has been a strong dividend payer for a long time. Doesn’t think it has tremendous growth potential and that their propane business is always going to be a kind of “on the margin” type of business. You own this for the dividend yield of 5.7%, not the growth.

wholesale distributors
David Baskin

President, Baskin Wealth Management

Price: $12.680
Owned: Unknown

2017-09-28

COMMENT
Superior Plus Corp (SPB-T)

This had a very big move today. They got approval to buy CanWest, which he sees as double digit accretive. The balance sheet is getting better. He models 15% EPS growth and 5% cash flow per share growth. A 61% payout ratio giving you a 6%+ dividend to wait. Another good name that is coming alive.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $12.450
Owned: Unknown

2017-09-07

BUY
Superior Plus Corp (SPB-T)

The largest propane distributor in Canada.  They sold their construction division.  He likes this company and if it is a colder winter it will do even better.  It is a well run company. 

wholesale distributors
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $12.010
Owned: Unknown

2017-08-23

WEAK BUY
Superior Plus Corp (SPB-T)

It has come off, like the others.  It could do better as the year goes on.

wholesale distributors
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $11.370
Owned: No

2017-07-28

COMMENT
Superior Plus Corp (SPB-T)

They just had a solid quarter in all segments, and upped their guidance a percent higher than the midpoint for 2016. He is modelling cash flow growth at 11% from 2016 to 2018, compounded annually. 61% payout ratio of cash flow. The generous dividend of 6% looks safe. Their balance sheet might be a little more levered than he would like. This is probably an opportunity.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $11.070
Owned: Unknown

2017-06-28

COMMENT
Superior Plus Corp (SPB-T)

Has a very small position in this. Great yield of 6%. The balance sheet is not a problem. Valuation is fine at 10X EBITDA. Missed on a recent quarter which is why the price momentum has rolled off. Probably not a terrible stock to own here.

wholesale distributors
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $11.520
Owned: Yes

2017-01-20

COMMENT
Superior Plus Corp (SPB-T)

Has a propane division as well as heating oil in the US, as well as some chemicals. Sold their US construction distribution business, and the balance sheet is better because of that. With a colder weather in Western Canada, he expects them to have good results. Also, expects them to raise their dividend over time. Dividend yield of 5.7%.

wholesale distributors
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $12.520
Owned: Unknown

2016-07-27

HOLD
Superior Plus Corp (SPB-T)

(Market Call Minute.) Wouldn’t chase this one too much.

wholesale distributors
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $11.390
Owned: Unknown

2016-06-17

BUY
Superior Plus Corp (SPB-T)

50% energy services, 35% chemical and 16% building. He likes the company. It has a 71% payout ratio, so the dividend should be pretty safe. They are trying to acquire Canexus (CUS-T) which would make them a more formidable player in the chemical space. Trading in line with its peers, but is a lot cheaper than its energy services peers. Have done a really good job of cost-cutting.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $10.700
Owned: Unknown

2016-06-15

BUY on WEAKNESS
Superior Plus Corp (SPB-T)

Acquiring all of Canexus (CUS-T) assets. The deal has been stretching out forever. There are cost synergies. Anything uncertain casts a pall over stocks for a while. The decision has been delayed until June 29, and they are either going to get approval or divest one of their existing plants. Also, propane prices are a little better and should perk up some. Not a bad Buy under $11.

wholesale distributors
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $11.050
Owned: No

2016-05-31

COMMENT
Superior Plus Corp (SPB-T)

3 different businesses. 1) Propane distribution, mainly out of the US, 2) chemicals and 3) a construction products division. The construction products division has done very well and he thinks they will eventually divest this. Propane distribution is very steady. Chemicals can be up and down depending on what happens in the oil/gas markets. The only thing you have to worry about is whether they will be successful or not in acquiring Canexus (CUS-T). A good place to be and doesn’t think you will get too much interest rate sensitivity on this.

wholesale distributors
Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $10.980
Owned: No

2016-05-20

DON'T BUY
Superior Plus Corp (SPB-T)

(Market Call Minute.) Not his top pick, and he would be adding into other areas instead.

wholesale distributors
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $11.030
Owned: No

2016-05-10

COMMENT
Superior Plus Corp (SPB-T)

Had probably been the single best company in Canada 15 years ago in terms of monopoly franchise and what they did. Then they bought other diversified businesses which collapsed and had to restructure. It has now been cleaned up and is on his list of companies that he would probably like at the right price. However, a lot of the move will probably be geared to the construction market in the US, which might or might not happen. This is being fixed, but you still have this propane monopoly. The 16% dividend really looks secure.

wholesale distributors
Bill Harris, CFA

Portfolio Manager, Avenue Investment Management

Price: $10.880
Owned: No

2016-05-04

HOLD
Superior Plus Corp (SPB-T)

(Market Call Minute.) This is in 3 different businesses, propane, construction products and energy management. Has had a nice run up.

wholesale distributors
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $11.350
Owned: Unknown

2016-05-04

BUY
Superior Plus Corp (SPB-T)

(Market Call Minute) Lots of moving parts, but they got pinched by lower propane prices because of a warmer winter and this won’t repeat itself.  Their recent acquisition is accretive to them.  It has more to go.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $11.350
Owned: Unknown

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