Doman Building Materials Group Ltd T.DBM

RBC Rating Outperform $11.00 Target

[SuperM]

Outperform TSX: DBM; CAD 6.56 Price Target CAD 11.00

Investment summary Our investment rating for Doman is Outperform. Although new residential construction activity was negatively impacted by COVID-19, we believe that robust repair & remodel demand has mostly offset those declines. With current market conditions mostly manageable, we expect that Doman is well positioned to benefit from increased construction activity.

After earnings RBC reduced their target from $12 to $11.  This corporation is extremelly undervalued and at these prices offers close to 7.5% divi.

GLTA

[Red_Deer]

Hey SUPER__Time to GO TROLLING for the BIG LUNKERS eh !!!!!!!!! ???????

[Cashuniversity]

Outperform??? We can't even hold $6.5 and RBC thinks this going to $11???

[Scarlada1]

This post has been removed in accordance with Community Policy

[SuperM]

I know the market thinks differently, but this company has 3.9 P/E from previous year earnings and has had record breaking revenue so far this year.  They announced that sales were slowing down, which is only common sense, but it's definitely worth more than what the market is willing to pay these days.   Targets are 12 months forward, but hard to believe that they would be

[Stocker46]

It doesn't take much to figure out that DBM is grossly undervalued. It deserves to be trading at $10 plus (even at $10, the P/E would be less than 6) Seems todays investors prefer hyped up companies that have yet to make a profit .. with huge P/E ratios that in most cases are totally unjustified.

[Hugo1947]

Hey, dont give up on them yet. I bought in this company just before the price of lumber rocketed straight up and have been happy with the results. Their earnings will continue to increase and they will increase their quarterly dividend. What a lot of in and out trades are missing is the price of lumber is still 40% higher than it was before the shortages and that price will be the new bottom

[TheBridge]

Some excellent points Hugo, thanks for  posting!

[Scarlada1]

This post has been removed in accordance with Community Policy