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Taiga Building Products Ltd T.TBL

Alternate Symbol(s):  TGAFF

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 lifeisgood1010on Jun 24, 2024 4:13pm
131 Views
Post# 36103893

Technically very bullish

Technically very bullishI will say it again, the price action on this stock is weird to say the least.

I was on vacation and did not add to my small position but i will probably do so.

Lumber price is still depress but i wonder if this move as anything to do
with the  anticipation of rate reduction coming in Canada?

My first hunch of a merger/acquisition/privitazation doesn't seem to be it.

At first i said to myself, this was a one day wonder.But now, i am not so sure.

In any event,there is value in the assets of this company and the profitability is more than
reasonable.

Let see what happen to the SP in the next few weeks.

Interesting to say the least.Now, i wish i has bought a bit more.
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