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Taiga Building Products Ltd TGAFF


Primary Symbol: T.TBL

Taiga Building Products Ltd is a Canada-based independent wholesale distributor of building products in Canada and the United States. The Company operates within two reportable geographic areas, Canada and the United States. It owns and operates four wood preservation plants that produce pressure treated wood products. Its product categories include composite decking, engineered wood, fencing, flooring, insulation, lumber, moldings, panels, preserved wood, roofing, and siding. The Company offers a selection of engineered wood products and related accessories. It provides a range of lightweight, easy-to-install fencing products for home or commercial use. It produces and distributes a variety of luxury vinyl and laminate flooring products, along with essential supplies and accessories. It also specializes in distributing eastern and western Canadian dimensions of various wood, including Spruce, Pine, Fir (SPF) lumber, Douglas fir lumber, and fir/larch in less than carload (LCL) volumes.


TSX:TBL - Post by User

Comment by downwithdotcom1on Dec 05, 2020 12:28pm
111 Views
Post# 32043996

RE:This unknown & profitable 0.31 per share

RE:This unknown & profitable 0.31 per sharedude, you do understand that the 31 cent profit was only for 3 months-9 months profit is now north of 50 cents and this quarter should be almost as good taking into account seasonal building and a slight pull back in wood prices. So, annually its going forward P/E is solidly between 2-3x -unheard of but it comes with some luggage making this stock more of a VALUE TRAP until recently. This stock has a controlling shareholder now owning 70% that annouced it would no longer be seeking to establish the long promised dividend payout just when the company was in the position to do so. The purchase of the value added pressure treatment ops was a great start and now??? Company has 2 choices-buy this entity out and take it private (saves big $$ in regulatory costs for such a small float) at a DECENT premium or finally introduce a reasonable sustainable dividend-until then we will continue to trade at these unheard of low P/E's.  boy i do miss the 14% debs that i bought at 50% on the dollar -owned them for years until they were bought back at full 100 % on the dollar...dwdc
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