Sunday, 21 February 2016

Superior Plus Reports 4th Quarter Results for 2015

Superior Plus reported their 4th Quarter Results for 2015 which can be found here.

Superior Plus (TSX:SPB) is currently preparing to take over Canexus, another chemical producer, which has put a lot of pressure on the company of late due to concerns over financing (Superior Plus still carries a high debt load, though it's been steadily getting lower over the years) and Canexus has been an underwhelming performer over the last few years as well. Superior Plus is, however, obtaining assets that will make it a global leader in sodium chlorate and chloralkali, which over time should prove a positive benefit. However, until the deal finalizes, there's not much room for this to move up.

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