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Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s):  CWXZF

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.


TSX:DBM - Post by User

Comment by downwithdotcom1on Dec 14, 2024 11:33pm
66 Views
Post# 36362819

RE:RE:RE:RE:RE:RE:Buying another company

RE:RE:RE:RE:RE:RE:Buying another companyfor those interested , take a look at the drama unfolding with TAIGA BUILDING PRODUCTS (T:TBL). Its a very similar wholesaling business with some value added components such as a pretty large pressure treating division with plants across Canada and the US and its headquartered in BC. So right now they have a 70% single shareholder out of Singapore thru a holding company called Avarga and someone is attempting to take it private with what is being seen as a hostile take-over....why you ask??? well TBL trades below $4 and makes huge cash and has only paid out a few special dividends..so the bottom line is if this dude takes Avarga private, he will now control 70% of TBL meaning there is only 30 mill shares as the public float...due the math - even at $6 offer , he could use TBL's own money to take it entirely private....thoughts???
see below...



"from TBL's 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 ..

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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