RE:InterestingI may well be wrong TheBridge, but I think you're dreaming.
As previously mentioned, I sold my shares back in early January after DBM made a big move (up 54 cents or almost 10%) on no news. I was convinced they would quickly fall back in the coming days.
Obviously, in hindsight, I could have waited & made a bigger profit .. but I've learned from past experience that it's never (or rarely) a bad thing to take your profits when they're available.
Doman had a very good year in 2021. They had an EPS of $1.27 (despite a $19M inventory write-down in 2nd quarter). Lumber Futures were back up over $1,000 for the last half of December. In fact for 65% of 2021, lumber futures traded from $700 to over $1,000 (with a high of $1,686). Even then, for the month after reporting 2021 earnings, DBM traded at an average of $8.34.
They are in a much different situation today as earning are expected to drop further over the next 2 quarters. We can all hope that 2023 will end up being a very good year with decent prices, inflation under control, and no recession. I'm just not sure that's a good gamble.