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Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s):  CWXZF

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.


TSX:DBM - Post by User

Comment by leo101on Aug 17, 2021 12:44pm
116 Views
Post# 33717357

RE:RE:RE:ouch

RE:RE:RE:ouch
Red_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.
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