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Taiga Building Products Ltd TGAFF


Primary Symbol: T.TBL

Taiga Building Products Ltd is a Canada-based independent wholesale distributor of building products in Canada and the United States. The Company operates within two reportable geographic areas, Canada and the United States. It owns and operates four wood preservation plants that produce pressure treated wood products. Its product categories include composite decking, engineered wood, fencing, flooring, insulation, lumber, moldings, panels, preserved wood, roofing, and siding. The Company offers a selection of engineered wood products and related accessories. It provides a range of lightweight, easy-to-install fencing products for home or commercial use. It produces and distributes a variety of luxury vinyl and laminate flooring products, along with essential supplies and accessories. It also specializes in distributing eastern and western Canadian dimensions of various wood, including Spruce, Pine, Fir (SPF) lumber, Douglas fir lumber, and fir/larch in less than carload (LCL) volumes.


TSX:TBL - Post by User

Post by Moneyman70on Aug 11, 2023 2:23pm
232 Views
Post# 35584310

Taiga benefits who?

Taiga benefits who?
Taiga is owned 70+% by Tong so what Taiga does is for Tong's benefit not for the minority share owners. The "special dividend" mostly benefitted Tong.  There is no incentive to take Taiga private why spend the money to buy out the minority shares? My eyes popped out when I saw how much the top guys are getting in bonuses, those bonuses are obscene and a real slap in the face to the general shareholders and also the employees who don't get anything near to those amounts.  Grant Sali getting two million for some special services regarding Taiga Ventures (WTF is Taiga Ventures anyway) this was obviously made up to justify giving him some cashola.  There is some nepotism in that place too with kids working with their dads (Ian Tong being the most egregious recent example).  CEO Balog also has his kid working there.  Don't hold your breath expecting anything from this company if you are on the outside looking in.
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