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

Post by Matlockon Mar 15, 2019 10:43am

193 Views

Post# 29490679

Any reaction to Q4 this morning?

A year ago, HDI was at $19.
Six months ago, HDI was at $17.

To read the Q4 results, I struggle to understand why HDI is below $12 today, and now at a P/E of 8. EPS grew, and their 2019 outlook is for growth.

Acknowledge that operating earning and EBITDA are down ~5% YOY, but unless you believe they're horribly wrong on their 2019 guidance, this doesn't justify a P/E contraction from 12 to 8.

Any thoughts out there?

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