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Stockchase Opinions

Dan BastasicSuperior Plus CorpSPB.TOBUYMay 27, 2005

65% payout ratio. Have diversified in the last couple of years through acquisitions and so should experience quite a bit of growth going forward. Free cash flow in relation to free cash distributions is close to 90% and is lower than what he would like to see but should be able to grow into it with their new acquisitions.
$30.64

Stock price when the opinion was issued

$7.95

As of Jun 18, 2026. Market Open.

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BUY ON WEAKNESS

Expectation is that fall season strongest time of year for business. Share price weakness not good for momentum investors. Would wait for stock bottom before buying. $10 or $11 share price a good place to buy. 

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We think it is buyable for income and some growth. Results missed estimates, but it still confirmed EBITDA guidance. Based on consensus estimates. EPS is still expected to rise quite nicely in 2024. It needs to execute on this growth, but lower/peak interest rates should also help the stock, over time. 
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 11/23, Up 5.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with SPB is progressing well.  To remain disciplined, we recommend trailing up the stop (from $9.00) to $9.50 at this time.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Recently reported earnings for SPB set a first quarter record as the Certarus acquisition is accretive to earnings.  The company increased earnings guidance for the year.  Net cash flow per share was up 250%.  It trades at 16x earnings and under 2x book value and pays a great yield.  We recommend a stop-loss at $9, looking to achieve $13 -- upside potential of 23%.  Yield 7.0%  

(Analysts’ price target is $13.10)
WATCH

It made a big acquisition to get cleaner fuels into the industry. It is one to watch since there has been a pullback.

PAST TOP PICK
(A Top Pick Feb 10/22, Down 16%)

Income-producing stock. Financing acquisitions with debt is not particularly great in this environment. At current price, great income stream at 6% yield. Low volatility. Brookfield's now involved, so it's a core investment for him.

BUY
Utility or energy company? Utility, and it has a sustainable dividend around 7.4%. SPB can now buyback 5% of its shares. It's fairly stable.
SELL ON STRENGTH
High dividend but has challenges with the price of propane (high volatility). CEO retiring is worrisome. Earnings revisions and stock price has fallen. Lots of uncertainty with business. Thinks better companies out there.
COMMENT
He owns their bonds They've done some good acquisitions, but doesn't see any dividend increases. Rather, he wants them to pay down more debt and cleaning up their balance sheet. Buy their bonds, but not their stock.
DON'T BUY
Very stable. Need propane in Canada in winter. He doesn't usually buy just income stocks. Always get some growth, as you never know when inflation will come back. See his Top Picks.
BUY ON WEAKNESS

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

TOP PICK
Consistent cashflow business. Consolidator of the Canadian distribution space. Throws off tons of money. Every year the company grows. Trades at a great price. Yield is 5.58%. (Analysts’ price target is $15.67)
DON'T BUY
Never buy a stock on takeover speculation. Other places to be than here. Bad house in a nice neighbourhood.
PARTIAL BUY
It's had lots of ups and downs. They have a good business model, almost monopolizing propane in Canada. However, SPB doesn't have any control over the price of propane, which creates stock volatility, but overall it's a good company. It was his top pick 5 years ago.
WEAK BUY
Analysts are not modelling a lot of growth. Trading at 15x 2022. The problem is the bloated balance sheet. A growth by acquisition story but they are not able to buy growth at this point. Likes the dividend and the pay out ratio. You could buy here and be okay.