Today’s Stock: Vitreous Glass Inc. (VCI)

Canadian company in the recycling glass business. They take waste glass refine it and sell it to the fiberglass industry.

I forgot how I came across this stock but with a. Review of the fundamentals the company is operating very well. Since I started buying shares in January 2024, I’ve gained 8% on this position. Considering the dividends and foreign taxes paid for owning this equity the returns might be closer to 10%

At 4k sats per share (@85,928), you’d receive a yearly dividend of 379 sats, which would take 10.5 years to recoup your initial investment. The company is cheap at a PE of 12.

This is a solid business that repurposes used glass into viable materials for fiberglass products. The company strikes a perfect balance, boasting free cash flow and a majority of its ownership held by retail investors.

Historically, the stock is considered cheap at a PE of 12, raising questions about whether it’s too good to be true and what the catch might be. If I had more time, I would thoroughly review the 10-K report and listen to the company’s conference calls to gain a deeper understanding of the reasons behind its low stock price.

However, I might consider adding more shares of this company to my portfolio. It’s a fantastic business that is making a positive impact on the world.