Goodfellow Inc T.GDL

Huge dividend coming

[lifeisgood1010]

Having made $3.91/ share over the last 4Q and next quarter is historically a very good one
GDL will announce a dividend of at least 75 cents if not more in November.

Jaryslowsky is 95 years and the Goodfellow are getting very old.

One day, we could see their neighbors (Stella Jones) or Doman make them a decent offer.

Book value is now north of $17.These assets have been depreciated to the bone.

The value of the Delson land is worth much much more than the value on the balance sheet.

Being so illiquid, very few investors care for this stock.

I am happy holding until something occurs.

In the mean time, i will collect the juicy dividend.

[BB123456]

You seem to understand Goodfellow well.  Do you know how they manage their inventory?  It was quite high in Q3, and, while they did manage the lumber price decrease well and maintain profits in Q4, I wonder if perhaps they use LIFO inventory management and have a lot of expensive wood in their investory which could hurt profits in the future. But I agree, I expecta very large dividend

[lifeisgood1010]

 Do you know how they manage their inventory? No i don't. I am a bit surprised on the low distribution. What i do know is that the sum of the part of this company is worth way, way more than the current SP.The assets have been depreciated to the bone. But then again, being so illiquid, it attracks very few investors. Keeping my share for the long run Sorry for the spelling, i am

[BB123456]

I was surprised too.  I wonder what their plans are for all the profits they have generated.  Perhaps they do a 2nd dividend in the new year like they did last year. Or maybe the relatively new President, Patrick Goodfellow, has some major investment plans for the money. But I see no reason for them to sit on a bunch of extra money without some growth plans for the business.