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Taiga Building Products Ltd T.TBL

Alternate Symbol(s):  TGAFF

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 Jun 24, 2021 12:46pm
150 Views
Post# 33444428

RE:RE:DOMAN must believe..

RE:RE:DOMAN must believe....tis a good question..i know that they have previously been loath to do so due to being in the WHOLESALE business. This means that they are at the mercy of margins - something that they can't completely control. From day one, they always talked about 25% of earnings being paid out on a semi yearly basis but failed to deliver because earnings were all over the place (ie profits, followed by losses from quarter to quarter). Things are a little different now with their value added inititatives-pressure treating, dimensional lumber and margins spreads are alot higher at these prices. Me, i'm not seeing a regular divi anytime soon..best case is they re-iterate a profit sharing divi AND THEN ACTUALLY FOLLOW thru..regards, dwdc
P.S. i've begun buying a full position in DOMAN-already paying a REG quarterly divi and recently paid a special divi PLUS  made 2 what was called highly accreative buyouts (CEO stressed this was still true under normal wood pricing). In addition to now being North America's largest wood prreserver-they are much more vertically intergrated right down to raw timber harvesting licences..do your own DD
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