Doman Building Materials Group Ltd T.DBM

Brokerage Stifels cuts target from 9.75 to 9.25

[pennydredful]

a   minor   adjustment   but   likely   an   indication   some   operational weakness  is  starting  to appear.

[DaveInvestor59]

I'm down 10% in the past few weeks so that seems more than minor, but then again theTSX has been a crappy place to invest for awhile now and maybe Doman is finally feeling the effect of the TSX decline.

[okgonow]

again i see these dips as a buying oppertunity as loong as the Div.stays at current levels ....I for one dont see anything happen to the payout level DBM looks more and more attractive  this has become a core holding of mine 15yrs plus with the div payout we as shareholders are getting!

[okgonow]

This post has been removed in accordance with Community Policy

[pennydredful]

They  estimate  .24  for  Q  and .90 for the year .  They have concerns   re  high  interest  rates  plus  slow down  in  new housing  construction. and  the overall  economic outlook . 

[DaveInvestor59]

Didn't the Trudeau government very recently commit themselves to building a lot more housing units in the near future?  That announcement should have helped Doman stock.

[okgonow]

housing shortage in north america period.  Doman will do well shure they will get some good contracts in Hawaii alone after the Fires they have multiple distro centers there that were on the other side of the island not affected by aformentioned fires

[pennydredful]

The   Trudeau   govt.   has no  creditability  and committ   to  things  they never do.  The   refugee street   people    coming    into  Canada    have  no  money    for   a house    even   it   cost   $5000