RE:RE:RE:ouchRed_Deer wrote: Red_Deer wrote: INDEED a 13% OUCH__From the HIGHS Just a Few Days Ago__ON PAPER at Least
This IS a HUGE OUCH.
Likely the HIGH PRICEY Inventories on the Balance Sheet WOULD BE a PRIMARY Culprit eh ??
Hey LEO__This DISCLOSURE in the MD&A Report MOST CERTAINLY Would Throw COLD WATER on the HOT $10 DBM eh !!!!!
In response to the Pandemic in general, as well as the recent sharp declines in wood products pricing, the Company is taking steps to bolster its cash flows, including but not limited to, managing cash flow by reducing non-cash working capital levels and capital expenditures, evaluating ongoing cost savings opportunities, deferring or reducing anticipated capital expenditures, and reducing quarterly dividends. These liquidity measures, combined with the Company’s continuing cash flows from operations, are expected to be sufficient to meet its operating requirements and remain compliant with its lending covenants.
hey red, you have to be nimble and able to make decisions without tax implications on stuff like this. i'm neither so that's why i'm slowly shifting to etfs. there are lots of low fee etf's with identical holdings that you can trade with different adjusted cost bases to allow for income tax.
but in the long run we are all dead so f*ck it dude, let's go bowling.