Decisive Dividend Corp V.DE.WT

Financial Results for the Three and Six Months Ended June 30

[Allah_says_BUY]

Despite the worst single quarter in the history of capitalism, the company didn't do too bad.
It even managed to pay off another $2.8 million in debt in Q2.  I guess that's a productive use of cash if you're not going to pay it out in dividends.

It looks however like they will not be paying any dividends until some time in 2021.

Personally, I foresee booming sales in the next few quarters for Blazeking stoves as millions of Americans continue to move out of the big cities due to Covid and increased violent crime.  More housing in the suburbs and rural areas will drive growth for gas and wood stoves.  Especially the super efficient kind that Blazeking now makes.

However, Hawk could be done for.  I didn't realize their entire business was dedicated to a single customer until I read the MD&A more thoroughly.  I knew they were dedicated to just the oil & gas industry, but just one big customer seems crazy and short sighted.  Oil prices have definitely rebounded since Q2, but will it bring enough business back to them?  They need to find comparable companies to them in the U.S. and compete for contracts there based on price due to the lower Canadian dollar.

Unicast will be fine now that it is getting its parts from China again.  The global mining industry hasn't really slowed down too much, outside of energy.

Slimeline's evaporator sales increase are just the start as companies realize what a good product it is.  Sprayers might have slower sales though as the entire farming industry continues to see a slow down until the restaurant industry can open back up properly and that won't be until 2022.  And we'll be lucky if even a third of all existing restaurants are still around at that point to create a demand for agricultural products. Still, farmers may want to upgrade sprayers to newer, more efficient models to improve yields and decrease costs.

Northside will keep doing well, even with a slowdown in the forestry industry, especially with that new 5 year contract with Mercedes' truck division.

It would really be nice if the company used its outstanding NCIB and bought some cheap shares now and cancelled them, as well as continuing to pay off long term debt.  It all lays the ground work to come out of the post-Covid world running on all cylinders.

[Allah_says_BUY]

That should have been "Slimline's evaporator sales..."