Doman Building Materials Group Ltd T.DBM

Bought Deal at $10 to the low $6s

[theprovincial]

It's only going to take the underwriters 5 years worth of dividends to recover that loss.

[Red_Deer]

INDEED !!!!!!!!!!! THIS is WHAT is KNOWN as BUY & HOLD eh !!!!!!!!!

[pennydredful]

underwriters   lost   nothing   only   their  clients did

[Red_Deer]

Clients Lose ONLY IF They CRYSTALLIZE and LOCK IN a Loss BY SELLING. THIS is the KEY to True BUY & HOLD Investing

[Joe455]

Can the Domans be trusted?

[Red_Deer]

IMHO Amar Doman our CEO MOST CERTAINLY Can BE__THE 16,369,105 Shares he OWNS Pretty Much SAYS SO eh !!!!!!!!!

[Larrymartin77]

Well said !! That's what they call "pulling a "Red trevor Deer" in the industry ...

[Scarlada1]

This post has been removed in accordance with Community Policy

[Scarlada1]

This post has been removed in accordance with Community Policy

[GassXX]

[Lisagerrard17]

[Jtpatrol1]

down 35% in no time, ouch..  

[Jtpatrol1]

down 35% in just a few months..  Ouch

[Jtpatrol1]

[GassXX]

ouch

[Lisagerrard17]

[Lisagerrard17]

[GassXX]

down a quick 35%, sad but true !!

[Scarlada1]

This post has been removed in accordance with Community Policy

[Joe455]

So sad.

[MarkAble]

Yeah the big building and housing/reno boom was last year. A piece of 2 by 8 in June that cost over 13 bucks is now under 4. Like this stock will be before long.

[FoodStampRomeo]

A$$ Clown, we were trading in the $7s back in 2017 when lbs was in the $300s. Our SP isn't exclusively linked to lumber prices. Housing starts beat expectations for August and are historically very strong. You complete and utter MORON

[Stocker46]

Have to agree Romeo. They also traded in the $6 to $7 range for the 1st half of 2018 after posting an EPS of 42 cents in 2017. Even at the low of $6, their price/earnings ratio was over 14 (fairly normal). Their current price/earnings ratio is 3.8 with a 12 month trailing EPS of $1.68. At 14 their current share price would need to be about $23.65 .. which tells you their stock (currently) is

[Larrymartin77]

[Joe455]

JTP says it's still overpriced.

[Larrymartin77]

[Stocker46]

Put in a low-ball bid 1st thing this am for $6.15 and was surprised to see it filled when I checked this pm. Happy to get a 7.8% dividend yield on my new shares.

[theprovincial]

Can't complain there. It was looking pretty ugly, but gaped up later in the day. I also had a low ball bid go through at $6.2 as I didn't think it would break the strong support at that price. GL

[Red_Deer]

NICE FISHING INDEED !!!!!!!!!!!!