Superior Plus Corp

SPB-T

Analysis and Opinions about SPB-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 9, 2013

(Top Pick Jan 24/13, 5.28%) Pretty good dividend. He recently bought more. Recently had a setback that will delay some growth. He would still own this. Dividend is safe. Could see dividend move up in 24 months.

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Superior Plus Corp (SPB-T)
September 9, 2013

(Top Pick Jan 24/13, 5.28%) Pretty good dividend. He recently bought more. Recently had a setback that will delay some growth. He would still own this. Dividend is safe. Could see dividend move up in 24 months.

BUY
BUY
June 21, 2013

Likes this company. For the past $3-$4 gain, people have been worried about this company’s debt, dividend and the economic situation but quarter after quarter, they just put up the numbers. Cash flow is very strong. Dividend could be raised if they wanted. Pretty solid name.

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Likes this company. For the past $3-$4 gain, people have been worried about this company’s debt, dividend and the economic situation but quarter after quarter, they just put up the numbers. Cash flow is very strong. Dividend could be raised if they wanted. Pretty solid name.

BUY
BUY
June 12, 2013

Pull back is about “the herd” and is not stock specific. With their margins improving, their comp annual growth rate over the next couple of years and reduced leverage, there is a good shot they can increase their dividends up to 50% over the next 3 years. They say they can grow their business 7% -10% over the next few years. Margins are improving. Payout ratio is safe. 5.4% dividend yield.

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Pull back is about “the herd” and is not stock specific. With their margins improving, their comp annual growth rate over the next couple of years and reduced leverage, there is a good shot they can increase their dividends up to 50% over the next 3 years. They say they can grow their business 7% -10% over the next few years. Margins are improving. Payout ratio is safe. 5.4% dividend yield.

WEAK BUY
WEAK BUY
June 10, 2013

(Market Call Minute.) Has a central value of about $12 and has been trading either side of this. Could be bought, but only for a small bounce.

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(Market Call Minute.) Has a central value of about $12 and has been trading either side of this. Could be bought, but only for a small bounce.

COMMENT
COMMENT
May 6, 2013

Debentures (SPG.DB.G) maturing Oct 31/16 and callable Oct 31/14. Should I Sell, convert to common shares or hold to maturity? All convertibles seem to be very expensive these days so you should look at converting them. (You can email him at hcunningham@odlambrown.com)

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Debentures (SPG.DB.G) maturing Oct 31/16 and callable Oct 31/14. Should I Sell, convert to common shares or hold to maturity? All convertibles seem to be very expensive these days so you should look at converting them. (You can email him at hcunningham@odlambrown.com)

BUY WEAKNESS
BUY WEAKNESS
April 10, 2013

Stock has been on a real tear. On a “sum of its parts” basis, he thinks it is worth $13 so has more upside. Feels investors are responding to their improving balance sheet, a more sustainable dividend, higher propane prices and higher US demand for propane. Market also likes their 2 other businesses. 4.8% yield.

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Stock has been on a real tear. On a “sum of its parts” basis, he thinks it is worth $13 so has more upside. Feels investors are responding to their improving balance sheet, a more sustainable dividend, higher propane prices and higher US demand for propane. Market also likes their 2 other businesses. 4.8% yield.

TOP PICK
TOP PICK
January 24, 2013

Good dividend while you wait. Have a tight window between when they buy and sell the propane.

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Superior Plus Corp (SPB-T)
January 24, 2013

Good dividend while you wait. Have a tight window between when they buy and sell the propane.

HOLD
HOLD
October 15, 2012

(Market Call Minute.) Had a nice run and recovery. New management which has really turned it around. He owns the convertible debentures.

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Superior Plus Corp (SPB-T)
October 15, 2012

(Market Call Minute.) Had a nice run and recovery. New management which has really turned it around. He owns the convertible debentures.

TOP PICK
TOP PICK
October 10, 2012

Had problems for a long time, but a new CEO came in and it is really a turnaround story. Wasn’t very well run and there is a lot of low hanging fruit, doing things better and focusing on customer service. Could see it north of $10 in 12 months. 6.5% dividend yield.

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Superior Plus Corp (SPB-T)
October 10, 2012

Had problems for a long time, but a new CEO came in and it is really a turnaround story. Wasn’t very well run and there is a lot of low hanging fruit, doing things better and focusing on customer service. Could see it north of $10 in 12 months. 6.5% dividend yield.

HOLD
HOLD
October 10, 2012

Propane is the main business but also has pulp and paper chemicals. Stock took a big hit when distributions were cut. Has had a bit of a renaissance lately. Thinks their core businesses are improving. 6.5% yield. Thinks it is worth holding onto as better times are ahead for them.

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Superior Plus Corp (SPB-T)
October 10, 2012

Propane is the main business but also has pulp and paper chemicals. Stock took a big hit when distributions were cut. Has had a bit of a renaissance lately. Thinks their core businesses are improving. 6.5% yield. Thinks it is worth holding onto as better times are ahead for them.

DON'T BUY
DON'T BUY
June 28, 2012
Market is suggesting they can’t keep the dividend. You really have to look into the business. It is problematic. The propane market collapsed. They have had some issues going forward as has management. He would avoid it. They have a high yield debt that is under stress.
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Market is suggesting they can’t keep the dividend. You really have to look into the business. It is problematic. The propane market collapsed. They have had some issues going forward as has management. He would avoid it. They have a high yield debt that is under stress.
DON'T BUY
DON'T BUY
June 28, 2012
Fairly high yield, 9%. Mostly propane but some building materials. Market is telling it is worried. For yield, you could look at convertible debentures. New management last fall, sharp guys. There is a higher than average risk, though.
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Fairly high yield, 9%. Mostly propane but some building materials. Market is telling it is worried. For yield, you could look at convertible debentures. New management last fall, sharp guys. There is a higher than average risk, though.
SELL
SELL
June 27, 2012
There is an oversupply situation in propane. Forecast for the next year would be negative.
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There is an oversupply situation in propane. Forecast for the next year would be negative.
COMMENT
COMMENT
February 16, 2012
Had followed this one for years. There was always a question about the distribution, which has since been cut. On his watch list but he has to take a better look at their financials. The kind of company he could like. Nicely diversified.
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Superior Plus Corp (SPB-T)
February 16, 2012
Had followed this one for years. There was always a question about the distribution, which has since been cut. On his watch list but he has to take a better look at their financials. The kind of company he could like. Nicely diversified.
DON'T BUY
DON'T BUY
December 29, 2011
Has about 6 times its cash flow in debt and he things investors have to stay away from it. Have to keep raising capital to fund dividend. He has a small short position.
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Superior Plus Corp (SPB-T)
December 29, 2011
Has about 6 times its cash flow in debt and he things investors have to stay away from it. Have to keep raising capital to fund dividend. He has a small short position.
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