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ADENTRA Inc T.ADEN

Alternate Symbol(s):  HDIUF

Industrials Industrial Distribution
ADENTRA Inc. is a distributor of architectural building products to the residential, repair and remodel, and commercial construction markets. The Company operates a network of 86 facilities in the United States and Canada. Its flagship brands include Frank Paxton Lumber Company, Hardwoods Specialty Products, Mid-Am Building Supply, Novo Building Products, and Rugby Architectural Building Products. It supplies a portfolio of architectural design materials and products for the building envelope, interior working and living environments. The Company’s portfolio includes architectural panels, trim, molding and millwork, stair parts and railings, interior and exterior doors, windows, kitchen cabinets, decorative surfaces, decorative and functional hardware, plywood, hardwood lumber and boards, veneers, fasteners and adhesives, roofing, decking, and siding. It provides supply solutions to approximately 75,000 customers.


TSX:ADEN - Post by User

ADENTRA Inc
Bullboard Posts
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(1)
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Comment by Matlockon Nov 06, 2018 10:53am
176 Views
Post# 28930515

RE:RE:Q3

RE:RE:Q3Ok, over an hour into trading today.... is anyone else this surprised by the movement on the Q3 news?

Former long-term shareholder of HDI who stopped out several months ago.  Got back in last week based on seeing how the markets were reacting to other lumber stocks Q3 results (Norbord in particular), figured HDI got stupid-cheap at $12-$13.

Random thoughts on the trading today might be:
1) Market not believing HDI's outlook/guidance
2) Market reacting to other US housing news today that I am not aware of (posters, help me out if this is the case...)
3) HDI not on the radar of institutional investors due to combination of small market cap and low trading volumes

HDI has typically traded at a TTM PE of 12-15.  With the Q3 results, it's currently at a PE of just 7.5... stupid cheap, unless one forsees HDI profits suddenly dropping by half.

Thoughts from others?
Bullboard Posts
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