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.

TSX:GDL - Post by User

Goodfellow Inc > HUGE 50% DROP ON DIVIDEND

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Comment by Stocker46on Oct 15, 2024 3:36pm

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Post# 36266917

RE:RE:RE:RE:HUGE 50% DROP ON DIVIDEND

Truly astounding that the GDL sp is now at $14.98 .. giving buyers a yield on their duvidends of 3.3%.
Seems their owners (or at least one of them) prefers to accumulate more cash at the expense of their shareholders .. even after another strong earnings report.
Perhaps it has something to do with the recent ownership shares restructuring.
Dropped them from my watch list.

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