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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 Hugo1947on Sep 16, 2021 9:20pm
143 Views
Post# 33875645

RE:RE:RE:RBC Rating Outperform $11.00 Target

RE:RE:RE:RBC Rating Outperform $11.00 TargetHey, dont give up on them yet. I bought in this company just before the price of lumber rocketed straight up and have been happy with the results. Their earnings will continue to increase and they will increase their quarterly dividend. What a lot of in and out trades are missing is the price of lumber is still 40% higher than it was before the shortages and that price will be the new bottom. Along with that, they bought that Texas company which is very big, with all the excess profit they were making the last couple of quarters and that company will be adding to their net earnings by the end of the year at which time I think they may even permanently increase the quarterly dividend.
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