Post by
pennydredful on May 13, 2023 1:12pm
I listened to the 1st Q conference call.
no red flags were raised. Along with other players ( customers and suppliers) company has and continues to adjust to just in time inventory and working capital management. While wood prices can fluctuate wildly they don't try to ride these waves by taking positions and only adjust to them . Conditions are favourable in Texas , California ( partly due to storm fire damage) and Canada . 50 million of term debt due in October can be handled by the revolver but all other options will be considered . On the M&A front it is a matter of waiting for the deal(s) that fit their pistol at the right price.
Comment by
TheBridge on May 14, 2023 10:33pm
Penny, thanks for your post and comments, appreciated.
Comment by
pennydredful on May 15, 2023 8:06pm
Good move on your part picking up some cheap stock not long ago.