Post by
Stocker46 on Nov 17, 2022 2:34pm
Perspective
It perhaps comes down to perspective.
My previous comparison shows that DBM earnings decreased by 73% from 1st to 3rd Q 2022.
TSL's earning decreased by 38% over the same period.
One would be hard pressed to find a Company that hasn't had the same experience in 2022.
The market is down today. Currently DBM is up 7% since releasing it's 3rd Q while TSL is down 4% since it's release.
DBM's news release was quite positive (read their last paragragh before the statements) ... when you consider the reduced earnings & the continuing decline in Lumber Futures.
TSL's was much more negative. They highlighted a reduced 3rd Q demand in the US.
What I find odd, is that Sedar shows US Sales in 3rd Q at 64.63% of total Sales while the same number for 9 months is only 64.08%. This is precisely why they need to initiate Quarterly Conference Calls.