Taiga Building Products Ltd TGAFF

Take over

[lifeisgood1010]

I wonder if Taiga will eventually be privatized or try to grow more.

I am wondering as a  Goodfellow shareholder if this would be a good fit for Taiga?

Same business...

The Goodfellow familly and Stephen Jarislowsy have the control over GDL and are very old.

I have always tought that GDL neighbors(Stella Jones) would one day buy them.

All building material are acting well lately but GDL as been on a tear.

It just hit a 15 yar high but is still trading at less than .7 time book.Their assets have been depreciated to the bone.

Time will tell but i like this space.While new home sales are soft, repair and remodeling is still very
strong.

[downwithdotcom1]

CLASSIC case for privitization..70% + controlling shareholder with a history of buying up positions as they came to the market..relatively  small public float means a hugely expensive dollar cost just in extra regulatory spending to maintain this company public . Add on company super cheap ( 2.5 P/E???) but then most of the wholesalers , or wood based sellers are also super cheap.. difference

[lifeisgood1010]

Thanks for you comments. I'm playing it save, i own Goodfellow and Taiga.

[pennydredful]

No   Doman  ?   

[TradeTracer]

I was thinking the same thing Just some quick glances at the websites show different locations of Goodfellow and Taiga which would benefit either party.  But like you say the GDL board and owners are getting older so such a business deal would make sense. Add to the fact TBL's recent credit facility of $250 million would more than cover GDL's current $120 million market cap. Just