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Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s):  CWXZF

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 19 treating plants, two specialty planing mills and five specialty sawmills located in eight states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 14 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.


TSX:DBM - Post by User

Comment by TheBridgeon Sep 14, 2023 12:05pm
85 Views
Post# 35636246

RE:RE:Possible Opportunity?

RE:RE:Possible Opportunity?Donwaan, IMO I think both the recent share price slide and early June short increase likely was caused by several situations. First the short position in June, at that particular time no one was anticipating that the Bank of Canada would pause interest hikes, the recent pause has provided some second thoughts on future increases and the possiblities of when interest rate rollbacks might commence. And there is no doubt that both Canadian and US rates will eventully see rollbacks, likely US first. Recent slide might be the result of the Federal government in Canada not responding quickly enough to reduce the Canadian housing shortage and prices going forward. I don't think it will  be that long before the Liberals provide some remedies and incentives in light of their dropping numbers in the polls recently. Also Doman's geograhical and extensive service area affords some sectors of their service to support those where there has been a slow down. Finally, the market may have provided investors here with some other brightly shinning opportunity elsewhere and they have moved on. This my personal view, and have I been wrong before? why yes of course! that's why risk is ever present. Have a great day and may you prosper along with  me.

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