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Luxor Industrial Corp. V.LRL


Primary Symbol: LXRRF

Building Materials Building Materials
Luxor Industrial Corp is a Canada-based company engaged in the manufacturing and selling of wooden building components including an engineered bridging system and architectural wood products. The company also involved in a stock glulam beam distribution program.


EXPM:LXRRF - Post by User

Luxor Industrial Corp. > Yet another contract win
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Comment by mjh9413on Jun 09, 2016 12:19am
66 Views
Post# 24949265

RE:RE:Yet another contract win

RE:RE:Yet another contract winSomone might think I am nitpicking but a comment on this part in the NR..."...Luxor is partnering with a Trading House to assist with the financing of the framing materials."

Looking at Note 6 of their past qtr financials this is a really expensive form of borrowing. Why can they not finance from the new loan?
Okay, so they are racking up new contracts but anything that negatively impacts margins where it can be avoided is a bad thing.
Also note the commitment is a daily payback amount but apparently they did not satisfy this, thus incrreasing costs on this peculiar form of trading house financing.
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