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Taiga Building Products Ltd TGAFF


Primary Symbol: T.TBL

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 Moneyman70on Aug 11, 2023 2:23pm
204 Views
Post# 35584310

Taiga benefits who?

Taiga benefits who?
Taiga is owned 70+% by Tong so what Taiga does is for Tong's benefit not for the minority share owners. The "special dividend" mostly benefitted Tong.  There is no incentive to take Taiga private why spend the money to buy out the minority shares? My eyes popped out when I saw how much the top guys are getting in bonuses, those bonuses are obscene and a real slap in the face to the general shareholders and also the employees who don't get anything near to those amounts.  Grant Sali getting two million for some special services regarding Taiga Ventures (WTF is Taiga Ventures anyway) this was obviously made up to justify giving him some cashola.  There is some nepotism in that place too with kids working with their dads (Ian Tong being the most egregious recent example).  CEO Balog also has his kid working there.  Don't hold your breath expecting anything from this company if you are on the outside looking in.
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