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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 lifeisgood1010on Jan 12, 2023 11:41am
151 Views
Post# 35218559

Another new high

Another new highResults for Q4 will be out mid Feb.
Over the past 6 quarters the company as managed to show impresive results.

Goodfellow is a wholesaler and transformer, if they can managed their inventory, then
earnings can be a lot less affected than a pur lumber company.

That being said, the value reside in their assets.If the Goodfellow's were to decide to 
sell, the transaction would be for more than depreciated book so probably north of $25.

In any event, in the mean time, i am more than happy to collect 90 cents of dividend
and who knows maybe a bit more in 2023.

I will say it again with a float of no more than 4 million shares, volume will always be tiny.

Staying long
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