Doman Building Materials Group Ltd CWXZF

Possible Opportunity?

[TheBridge]

IMO, the recent decline in the share price is putting this stock close to the level that we'll see Amar Doman take advantage through insider buying. Last insider buying took place on August 8, 2023. A $7 share price should offer a reasonable risk of reaching $8 within another reasonable time frame which would amount to a 14% gain. Not the only opportunity afforded by Mr. Market but one worthy of consideration.

[Donwaan]

Why the recent slide do you think? And the increase in shorts since early June?

[xenes25]

This will be a down year in Canadian building materials distribution.

[TheBridge]

Donwaan, IMO I think both the recent share price slide and early June short increase likely was caused by several situations. First the short position in June, at that particular time no one was anticipating that the Bank of Canada would pause interest hikes, the recent pause has provided some second thoughts on future increases and the possiblities of when interest rate rollbacks might commence

[Donwaan]

Thanks TB for the comprehensive and well thought out reply, you've accurately addressed both my questions. Now if Amar steps up to the plate for another big CEO share purchase, Bob's your uncle!