OTCPK:TMBMF - Post by User
Post by
Lash99on Dec 03, 2016 10:48am
102 Views
Post# 25550366
Week of November 28th in Review
Week of November 28th in ReviewSo I saw a little profit taking for the day traders on Friday. Well lumber side got a whole lot more interesting as there were rumours that the duty issue was settled and the announcement will happen this weekend. I personally do not think so but stranger things have happened. Futures were mainly flat most of the week but Friday they had a nice bounce so if it continues into next week and I think it should , because the people around me were very busy and our historical graphs point to it , we should have a good rally until Christmas. There are a bunch of factors helping this company at the moment , higher lumber prices , the week Cdn dollar , good demand , the weather in the U.S. Is still fairy mild , economy is better also in the U.S. and being cash flow positive will definitely drive the share price higher. I know lumber as dosperros calculated it , is only about 22 percent of this companies total revenue , it is good to see that it is contributing positively to the bottom line. I don't do the calculations regarding what multiple we should be trading at and or what the future will be regarding share price , if the company is making money it will create interest and demand , we are well below the past highs in share price for this company , so I do still think there is a lot more room for it to increase. To what , I will leave that evaluation to the experts. Have a good weekend. Lash