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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 downwithdotcom1on Jul 10, 2024 5:45pm
135 Views
Post# 36127266

did some-one panic????

did some-one panic????Down over 40 cents at days end on a series of small trades (eight trades involving 1600 shares approx). ...oddly enough ALL TIME STAMPED @ 4.10 pm. 

Can't help notice this new also out today titled "Taiga Obtains Interim DIP Facility and Interim Order for Creditor Protection under CCAA"

That would be for TAIGA motors, symbol T.TAIG (its a small EV sports craft ie skidoos, quads, watersleds producer and of course not TBL the wood products wholesaler....

Co-incidence??? stranger things have happened...In the shorter term, there has been a ton of very small trade lots supporting this step jump to $4 and hopefully 1600 shares isn't going to ruin the party. Hopefully back to $4 tommorrow...dwdc

PS a number of wholesalers getting beat-up in this same timeframe  Doman T.DBM down again to $6.50 (a 2024 low) even with its 14 cent REGULAR quarterly divi . General homebuilder outlook malaise is the reason given . Meanwhile 2x4 futures continues to trade well below $500 and just about every raw wood producer continues to lose money at these levels...
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