Doman Building Materials Group Ltd CWXZF

Primary Symbol: T.DBM

Consumer Cyclical Home Furnishings & Fixtures

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.

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Doman Building Materials Group Ltd > Short position keeps growing

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Comment by pennydredfulon May 15, 2023 10:13am

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Post# 35448099

RE:Short position keeps growing

It is an expensive position to carry given the 9.00% current yield + the cost to borrow. Other things being equal it is better to short a stock with little or no dividend. They must be thinking a dividend cut is in the offing tto justify their position.

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