Post by
SurfForWealth on Nov 25, 2024 8:24am
Q3 2024 Report/Results
It looks like the results are just slightly lower than estimates but not by much. Nothing to justify the thrashing the stock has taken lately. Still profitable and there were some positives like increased sales in wall panels and engineered products. The home building sector was still in a funk for Q3 due to high interest rates but they indicated they are starting to see some improvement in Q4 from the rates cuts and expect 2025 to be much better. I would expect them to buy aggressively under the NCIB with the stock at this level. Looks like a great buying opportunity to me. I added more on Friday.
Comment by
SurfForWealth on Nov 25, 2024 10:08am
It's like we are getting the flush we needed this morning in this stock even though it makes no sense. I think those that sold this morning at silly prices will regret it. Let the buying step in.