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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

Post by downwithdotcom1on Jun 20, 2021 12:25pm
162 Views
Post# 33417979

whole sector has sold off..

whole sector has sold off....annoying indeed, but the whole sector has sold off-DBM (the former CANWEL) just dropped another 5% on friday alone-and this is the stock that just pulled off this supposedly highly accreative purchase of that US based building products wholesaler. Upgrades galore to the $13-14 range and yet drops to $8.40 and this is with a regular quarterly 12 cent div (along with some spec dividends along the way). All this noise being generated by the suits trading lumber thru the CME grabbing the headlines right now. I still expect monster Q2 results across the board but could be headwinds on margins if restocking didn't get turned over FAST ENOUGH..Again, 40% drops in futures trading could actually BE A MASSIVE opportunity to EXPAND on margins depending how well TAIGA balances their inventories..Anyways, just read a paid report on lumber commentary-some product pricing sell off is usual this time of year(???). Expect to stabilize at a level much higher than "pre-pandemic" pricing (maybe around the $900 + level) as demand is strong but then realy kicks into higher gear into JULY..all i know is LOWES is currently selling a 2x4 eight ft long for $12+ and the brand name??? TAIGA....go figure. Holding strong..dwdc
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