Taiga Building Products Ltd T.TBL

Dog days of summer??

[downwithdotcom1]

nice follow thru .. TBL traded a whole 5 shares on the opening and thats all been traded 15 minutes into the day..MEANWHILE, DBM on record Q2 results was down 10% but has since recovered a bit on heavy trading ...forward P/E's of 2x, 3x or 4x mean NOTHING in the world of CRYPTO CRAC i guess..
thoughts?? dwdc

[FredrickHUGE]

This post has been removed in accordance with Community Policy

[satchmo6]

WINNIPEG fires --------- from greased lightning.... or was it home fires burning

[Stocker46]

Haven't witnessed anything quite this ridiculous in 30 years of investing. Seems like  DBM & TBL could have both reported net earnings of $100 M in second quarter ... and their share prices would still be going down.

[Stocker46]

Quite amazing. Taiga more than doubles what. were excellent 1st Q earnings and ths SP falls by 3.4%. Based on the new trailing 12 mths earnings ($1.28 EPS), the new Price to Earnings Ratio is now "1.99". Taiga shoud be using up their buyback allotment real quick!

[Stocker46]

Taiga has no analyst coverage so there are no earnings consensus numbers for 2nd Q (at least none that I could find). Ironically even the over-inflated earnings consensus for Doman didn't go as far as to predict they would double 1sr Q earnings. They did predict 73 cents per share for ONE quarter. Doman had an excellent 2020 with a 77 cent eps but these bozos somehow thought they could do

[Boreal]

This has been an undervalued stock for some time. However, a look at the value of inventory over the past four quarters suggests the astounding recent jump in earnings is mainly due to an increase in the valuation of inventory due to price increases. What goes up is likely to come down. There is also a huge accounts receivable outstanding right now. This is why I, and likely other investors, aren&

[Stocker46]

Increased earnings are almost always due to increased prices & increased demand. "the astounding recent jump in earnings is mainly due to an increase in the valuation of inventory due to price increases" Not sure what you're saying .. but inventories are not revalued "up" (except in some cases where a company is being bought out). They are only written down as

[Stocker46]

Regardless of the above, a company that has a good 2020 (NE of $70.8M) & an even better 1st half 2021 (NE of $87.6 M) and is sitting at a share price of $2.50 with a price/earnings ratio of 1.95 .. has a serious problem. You would think that Taiga was on the verge of bankruptcy. ... and that is why I haven't bought additional shares even if the SP is grossly undervalued.

[Boreal]

This was predictable. Still a decent stock in the longer run.

[Stocker46]

Eventhough I believe TBL is significantly undervalued, I sold my holdings on Friday. Quite simply, there's something seriously wrong with a company that makes consistent profits .. as in $137.6 M ($1.27 per share) from July1, 2020 to June 30, 2021 .. and struggles to keep their price/earnings ratio above 2. Add to that : No news, no updates, no conference calls, no dividend & far too few

[treehill]

I agree that there is something seriously wrong with this company as an investment. I foolishly bought a small bit without doing due diligence beyond looking at ratios. You would think that a P/E of 2.5, price to book of about 1, price / sales of around .11 would imply a good investment. Not in this case. I find it bizarre - its almost as if they exist to pay the salaries of the employees. The

[geezer21]

"Quite simply, there's something seriously wrong with a company that makes consistent profits" Company fundementals are fine.  Problem is there is no liquidity in the market - too few shares being traded.