Taiga Building Products Ltd T.TBL

Alternate Symbol(s): TGAFF

Industrials Industrial Distribution

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.

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Taiga Building Products Ltd > Dog days of summer??

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Comment by Stocker46on Nov 08, 2021 3:44pm

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Post# 34101677

RE:RE:RE:RE:RE:RE:Dog days of summer??

Eventhough I believe TBL is significantly undervalued, I sold my holdings on Friday.

Quite simply, there's something seriously wrong with a company that makes consistent profits .. as in $137.6 M ($1.27 per share) from July1, 2020 to June 30, 2021 .. and struggles to keep their price/earnings ratio above 2.

Add to that :
No news, no updates, no conference calls, no dividend & far too few tradable shares.

Maybe they'll use their buyback program to limit the damage but at this point, it would take alot to convince me to buy back in.

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