Doman Building Materials Group Ltd T.DBM

SP Holding up well

[Stocker46]

I have to admit, the SP is holding up better than I anticipated.

Lumber Futures average for 3^rd quarter are down to $554 .. 30% plus less than 2^nd Q.
Down again Friday by $25 to $435.
Futures have now been below $500 for 6 of the last 7 trading days.
 
An interesting comparison:

Tree Island Steel (TSL) - (a company that Amar Doman has a 34% interest in through Futura) are doing quite well :
1^st Q EPS = 45 cents, 2^nd Q EPS = 46 cents  … or 91 cents per share for the 1^st half of 2022.
They stated in their 2^nd Q News Release that “higher” product prices had offset increased costs due to inflation & other factors.
The Cdn dollar is now at a 2-year low, which (if it continues at these rates) will benefit TSL as approximately 65% of their revenue is generated in the US.

Sure, it’s a much smaller company than DBM but their 6-month EPS of 91 cents compares to a 12-month EPS of 93 cents for DBM. The Market for TSL's Steel Wire products cover a wide range from Industrial, Construction, Agricultural & specialty applications. Their product prices (so far) seem to be holding up well.

TSL is currently trading at $3.40 while DBM is at $6.05.
The LOGIC escapes me!

[Red_Deer]

Hey STOCKER__You do make a Valid Point__BUT I have GIVEN UP Ever Questioning Mr MARKET after over 4 Decades of TRYING to FIGURE It ALL OUT !!! Quite a number of years ago Doman and Business Partner tried to take Tree Island PRIVATE with an ULTR LOW BALL Bid__and FAILED to do so I STILL EXPECT for DBM to Take Over TSL one of these years as such an Amalgamation makes a LOT OF SENSE eh