good news...ALL TIME high reached today!!new 52 week hi, new ALL-TIME high reached today.. very interesting as the building products sector is also doing very well supported by a new big urgency to get homebuilding of all kinds ramped up everywhere in Canada. This is also taking place with interest rates on the cusp of starting to drop (at least in Canada) and just in time for the traditionally busiest spring season. Notice too, basic raw materials, 2x4" pricing are finally seeing some upward movements helping TBL's as well as others (DBM for instance) margin spreads.
So the question is: is this a sector response or is more company specific?? Controlling shareholder is sitting on a big chunk of internally generated cash already-less than 30% of the shares remain as the public float. Any finance person will tell you the regulatory obilgations and costs of keeping this company public are excessively and needlessly high..best option: TAKE IT PRIVATE and basically use the company's own internal cash to mostly pay for it..again i'm happy to take a small finders fee for this action...regards, dwdc