Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s): CWXZF

Industrials Industrial Distribution

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

Doman Building Materials Group Ltd > SP Holding up well

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Comment by Red_Deeron Sep 26, 2022 11:56am

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Post# 34986678

RE:SP Holding up well

Hey STOCKER__You do make a Valid Point__BUT I have GIVEN UP Ever Questioning
Mr MARKET after over 4 Decades of TRYING to FIGURE It ALL OUT !!!

Quite a number of years ago Doman and Business Partner tried to take Tree Island PRIVATE
with an ULTR LOW BALL Bid__and FAILED to do so

I STILL EXPECT for DBM to Take Over TSL one of these years as such an Amalgamation
makes a LOT OF SENSE eh !!!

Stocker46 wrote: I have to admit, the SP is holding up better than I anticipated.

Lumber Futures average for 3^rd quarter are down to $554 .. 30% plus less than 2^nd Q.
Down again Friday by $25 to $435.
Futures have now been below $500 for 6 of the last 7 trading days.

An interesting comparison:

Tree Island Steel (TSL) - (a company that Amar Doman has a 34% interest in through Futura) are doing quite well :
1^st Q EPS = 45 cents, 2^nd Q EPS = 46 cents … or 91 cents per share for the 1^st half of 2022.
They stated in their 2^nd Q News Release that “higher” product prices had offset increased costs due to inflation & other factors.
The Cdn dollar is now at a 2-year low, which (if it continues at these rates) will benefit TSL as approximately 65% of their revenue is generated in the US.

Sure, it’s a much smaller company than DBM but their 6-month EPS of 91 cents compares to a 12-month EPS of 93 cents for DBM. The Market for TSL's Steel Wire products cover a wide range from Industrial, Construction, Agricultural & specialty applications. Their product prices (so far) seem to be holding up well.

TSL is currently trading at $3.40 while DBM is at $6.05.
The LOGIC escapes me!