RE:RE:RE:RE:RE:Who sell??I wouldn't worry. If you bought at $1.00 you are a sly dog who pulled a Buffett. Seriously. You bought yourself $2.00 per year of cash earnings (EBITDA) for $1.50. Seriously, what a sharp play.
Most firms you buy $2.00 per year of EBITDA for ~$30.00. Not $1.50. Therefore don't worry - -there are ups and downs but such is a short-term irrational market.
Two thinks
1) TMB relys on lumber for ~20% of it's profit. I am more focued on the other 80%, which is not subject to trade issues.
2) I also like other companies in the space who have non-lumber exposure, but they are one trick ponies like Norbord and Canfor Pulp. Diversification is good. TMB is a winner.
Cut your losses and let your gains run, as they say.
I had a pretty heavy position at 1.30. Now I average over $2.00 becuase I bought all the way up. #winning. I would rather have 3x the volume at $2.20, than 1x at $1.30. Shoot, I even bought 10k @ $3.15 lol before it was a bozo erruption at $3.00 persided over by some slackjawed junior at some dogs**t fund. He/she could have sold in a dynamic range from 3.00 to 3.25 even, rather than a hard one-dimenisonal sell at 3.00. We moved probably a million units at that price which has single-handedly depressed the price since late Januaray.
But, remember Hooke's law from physiscs? Or, like the USA's demographic need for ~1.5MM houses per year to be built? That's pent-up demand. This is pent-up value and it'll come smashing out at the quarterly relesease I think. So, less white knuckes lest you stragle a golden goose.
paperboy222 wrote: I'm retail & in the loonie range & still long and holding with white Knuckles. But I am concerned about the ignorance of Trump.
He way to bright in thinking. Put tariffs on our lumber so your American home cost sky rocket.. Sounds like logic to me.
Is anyone else concerned and have thoughts on how or even if the tarriffs would hurm TMB share price
Cheers