RE:RE:RE:Back to the Future,,,,,,,,,,,,,,,,,,,xenes25 wrote: Not "games," just reality. The core of DBM is still CanWel, Honsador and Hickson, which are mainly bldg material distributors. These assets will be challenged for at least 2 qtrs. In their 3rd qtr report last week WY forecasted flat to down results for their US distribution divisions for the next 2 qtrs. Amar and team have done a great job in preserving the dividend, but they may be running out of balls to juggle. Not a good entry point for DBM here....put your buy order in at 5.75 until Dec. 15. You will get filled! JMHO
IMO, the Q3 results should provide Amar and his team with the means to maintain the dividend at its current level. At the current share price level and heading into the tax loss season we might see Amar step in again and add to his share count as he did on Dec. 20 and 22, 2022 when he purchased 33,000 shares. There is also some reason to feel a greater deal of security with Fitch's Oct. upgrading of DBM. Opinions come from our assessment of how things stand financially, and then there's also those whose assessments lead them to shake the tree and reward themselves with the shares that they are able to secure by that means. Be careful and pay attention, and may you prosper!