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Taiga Building Products Ltd T.TBL

Alternate Symbol(s):  TGAFF

Taiga Building Products Ltd. is a Canada-based company, which is an independent wholesale distributor of building products in Canada and the United States. The Company operates through two geographic segments: Canada and the United States. The Company offers its products in various categories, including composite decking, engineered wood products, flooring products, insulation products, lumber products, moldings, panel products, polyethylene sheeting, preserved wood products, and siding products. The Company’s distribution logistics serves customers across North America with road transportation (flat deck and van), rail (carload and intermodal container), ocean (container and breakbulk), customs regulatory matters (ranging from overseeing daily cross border movement of traffic, softwood lumber reporting, federal countervail and dumping duty investigations), and liaising with: Canada Border Services & Agency; Department of Foreign Affairs and International Trade, and others.


TSX:TBL - Post by User

Post by canuckstockson Feb 29, 2024 10:02pm
150 Views
Post# 35908201

Excess Cash!

Excess Cash!Taiga has no debt and  $151 Million  in cash and equivalents. 60 million is in a GIC - that now matured in january.. They put 9 million in a "investment in a private Asian Real Estate Fund"... they don't say in the report what fund that is exactly... i'm discouraged that they can't find a more lucrative option like expanding or an aquisition. Or are they just waiting for the right time to pull the trigger? IF not why don't they let shareholders decide what to do with the money and pay out more dividends instead? 151 million is too much to let it just sit idle. GICs seem pretty weak. 4 - 5%.. 
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