The company has good businesses. Their problem was the balance sheet. They will be 3 times debt-to-EBITDA. They have more funds for M&A, which could help them make some interesting acquisitions. He likes the distribution and the management team. They just partnered with Brookfield, which gives a strong vote of confidence. Its valuation is reasonable. Not the first place he would put capital, but you would do well if you already own it.
Backed out of a deal? They announced 3 months ago they wanted to sell their European chemical business. When no material offers came then they backed out. They have a lot of debt they were planning to pay down following the failed divestiture. They have re-instated the DRIP program, which is dilutive to holders he adds. He still owns it and still likes their yield. A stable propane business with good margins. A good buy here. Yield 6.2%
Superior Plus Corp is a Canadian stock, trading under the symbol SPB-T on the Toronto Stock Exchange (SPB-CT). It is usually referred to as TSX:SPB or SPB-T
In the last year, 5 stock analysts published opinions about SPB-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Superior Plus Corp.
Superior Plus Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Superior Plus Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Superior Plus Corp In the last year. It is a trending stock that is worth watching.
On 2022-06-24, Superior Plus Corp (SPB-T) stock closed at a price of $11.43.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The revenues were ahead of estimates by 14%. EPS was 40 cents, beating the estimated 33 cents. Q4 showed some income declines however. The acquisition plan backed by Brookfield has not changed. The dip is a buying opportunity. Unlock Premium - Try 5i Free