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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 Stocker46on Aug 08, 2022 4:23pm
130 Views
Post# 34879840

RE:RE:RE:RE:RE:Q2 Results

RE:RE:RE:RE:RE:Q2 ResultsGuess I'll never quite understand the mentality of DBM investors.

A little perspective:
2nd Q 2021 was a record quarter - Net Earning over $53 M & EPS at 64 cents.The SP rose to just over $8 for a few days (after the news release) but fell to $6.35 by the end of Sept (futures fell in Sept - 2nd Half of Sept futures averaged about $630)

Fast forward to 2022:
DBM had an excellent 1st Q  NE of $42 M & EPS of 48 cents. May SP was mostly over $7. Average lumber futures in 1st Q were $1,197.

2nd Q 2022 - NE of $20 M & EPS of 24 cents (big drop). 
Average lumber futures to Aug 8 are $595 .. $508 for only August.

Ok so too much info. The point is that futures have fallen from $1,197 in Q1 to $797 in Q2 & that $400 drop is reflected in Q2 earnings. Since the end of 2nd Q, futures have dropped another $200 & it appears they are continuing downward as housing starts are falling, inflation is rising, and fears of a reccession persist ... AND YET after today's gain of 4.7%, the SP is just about right back where is was prior to the release of 2nd Q. 
What am I missing? 
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