Goodfellow Inc T.GDL

Alternate Symbol(s): GFELF

Industrials Industrial Distribution

Goodfellow Inc. is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. Its business activities related to remanufacturing and distribution of lumber and wood products. It produces wood, wall concept, insulation and soundproofing, panels, floor, coating, specialties, terrace and roof. Its services include custom-made wood manufacturing; comprehensive and personalized carpentry services; HUNDEGGER K2i technology; wood treatment (MicroPro, CCA, ACQ and Flame Retardant); just-in-time and direct-to-job delivery; truck and container loading, and export preparation and packaging. It has a distribution footprint from coast-to-coast in Canada servicing commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners and floor covering specialists. It also leverages its value-added product capabilities to serve lumber markets internationally.

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Goodfellow Inc > HUGE 50% DROP ON DIVIDEND

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Comment by Aminvestor1234on Oct 11, 2024 3:04pm

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Post# 36263122

RE:RE:HUGE 50% DROP ON DIVIDEND

I did notice the large reduction in dividend but couldn't figure out why. Based on its earnings it could easily afford the annual dividend of $1.00. It has a very low debt to capital ratio of less than 17%. It has a net-net working capital of $15.65 per share, which is well below the current stock price. And this is not even accounting for land value sitting on it's book at less than 1/13 of it's market value previously brought up by Lifeisgood1010. This one is really hard to figure out.

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