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Goodfellow Inc T.GDL

Alternate Symbol(s):  GFELF

Goodfellow Inc. is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. Its business activities related to remanufacturing and distribution of lumber and wood products. It produces wood, wall concept, insulation and soundproofing, panels, floor, coating, specialties, terrace and roof. Its services include custom-made wood manufacturing; comprehensive and personalized carpentry services; HUNDEGGER K2i technology; wood treatment (MicroPro, CCA, ACQ and Flame Retardant); just-in-time and direct-to-job delivery; truck and container loading, and export preparation and packaging. It has a distribution footprint from coast-to-coast in Canada servicing commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners and floor covering specialists. It also leverages its value-added product capabilities to serve lumber markets internationally.


TSX:GDL - Post by User

Post by hawkowl1on Mar 30, 2022 2:19pm
270 Views
Post# 34559892

Do not understand why GDL does not go private?

Do not understand why GDL does not go private?

Based on information on TD investment site and Canada Stockwatch,
Goodfellow has 8,563,000 shares outstanding.

7,915,000 of those shares are held my management,directors and Lac St Louis holdings.

That leaves 548,000 shares for public to trade. 

Book value is $18.80 per share.

To buy out remaining shareholders at a very conservative $18 per share would cost under $100 million dollars. 

Without exchange listings and regular filings they would save a few million per year in costs.

Another option would be for GDL to sell company and likely get over $20 per share.
It simply does not make any sense to be a public company

Comments appreciated. 

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