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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 Nov 18, 2024 2:05pm
50 Views
Post# 36318364

current cash position $1.70 /share...WHY????

current cash position $1.70 /share...WHY????
from their Q3 2024 MD&A found on sedar.......they now have $1.70 ish per share in cash... remember , we have a controlling shareholder with 70% ownership ...Simple question is WHY???? see below. dwdc


Total assets were $681.2 million as of September 30, 2024 compared to $624.3 million as at December 31, 2023.  
The increases were primarily due to increases in cash and cash equivalents, as well as increased accounts receivable. 
Cash increased to $174.4 million as of September 30, 2024, from $152.8 million as at December 31, 2023. This is primarily due to changes in operating activities and working capital. 
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