Post by
downwithdotcom1 on Aug 10, 2020 11:00am
TBL new 52 week hi..Q2 12 cent/share...wood shortages..
TBL has recently taken off from the mid 90 cent range to today's $1.28 - no wonder-Q2 results worked out to 12 cents add in Q1 and its 18 cents per share!! Company shares have been taken up in a series of transactions with a single entity now owning 70% approx . THIS IS THE VERY DEFINITION OF A CREEPING TAKEOVER on the cheap...most importantly now -there is a huge shortage on such things as preserved wood as the COVID conditions really drove the renovation market-prices are up and materials are in scarce supply...Importantly for TBL , they went and bought a large privately owned wood preserving outfit with operations both here and the US back in 2018 . This has allowed TBL to capture more in the value chain thus why margins have improved...maybe a even better Q3 and/or this company gets taken private..regards, dwdc