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Bullboard - Stock Discussion Forum Goodfellow Inc T.GDL

Alternate Symbol(s):  GFELF

Industrials Industrial Distribution
Goodfellow Inc. is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. Its business activities related to remanufacturing and distribution of lumber and wood products. It produces wood, wall concept, insulation and soundproofing, panels, floor, coating, specialties, terrace and roof. Its services include custom... see more

TSX:GDL - Post Discussion

Goodfellow Inc > GDL Sees Green Shoots of Pricing, Demand Recovery in 2024
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Post by lifeisgood1010 on Feb 28, 2024 12:14pm

GDL Sees Green Shoots of Pricing, Demand Recovery in 2024

Forgot to post this.

this was in the news section of my Desjardins broker

 Goodfellow Sees Green Shoots of Pricing, Demand Recovery in 2024 -- Market Talk

  Goodfellow is seeing signs of recovery in early 2024 after a challenging 2023 as demand and prices in the retail flooring sector begin to normalize. The Canadian company says there was a significant downturn in demand, which led to an oversupply in the market. Goodfellow says the flooring category suffered "the most significant setback" in the second quarter of last year, which was made worse by demand and prices for hardwoods declining considerably in that time. Goodfellow says that signs of recovery are becoming evident so far this year, and that the diversity of its product offerings should help it navigate the challenges ahead. (adriano.marchese@wsj.com)

 

(END) Dow Jones Newswires

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