Doman Building Materials Group Ltd T.DBM

Improving Signs

[TheBridge]

Reuters this morning. U.S. new home sales rose to highest level in more than a year in July as a drop in mortage rates boosted demand, offering more evidence that the housing market is recovering. New home sales jumped 10.6% to a seasonally adjusted rate of 739,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau said on Friday. It was also the sharpest incrrease in sales since August of 2022. Any drop in the interest rates by the Fed. and by the Bank of Canada are going to assist this trend.

[downwithdotcom1]

This is a no brainer..Sept will bring alot of good news..buy while you still can!!! see below...dwdc Bank of Canada's next interest rate announcement is September 4, 2024. 3rd time will be a charm for Canada.... US FED interest rate meeting September 17-18, 2024 - very good confidence of a 0.25% cut, small in size but huge as it signals the US has finally turned a corner with

[flush777]

I wanted to buy more but the price rose too much ... BETWEEN BANK OF CANADA AND THE  US FED, LOOKING  FOR BETWEEN 1/2 OF 1% AND 3/4 OF 1% DECREASE IN RATES. OK, A DIFFICULT DECISION BUT UNLIKELY 1/4 OF1% SINCE FED HAS ANNOUNCED A CHANGE IN DIRECTION. HUM, WALK THE WALK, OR TALK THE TALK. I RECENTLY PASSED ON DOMAN TO A FRIEND AND PURCHASED AND IN FOLLOWUP, WITH INTEEREST RATES

[TheBridge]

You might just want to wait awhile before adding some more. The big boys have a way to bring this down to around the $6.50 mark, if they do that would be the best time to add. Don't know if it's going to happen again but it might. This should provide some great capital gains if you're willing to wait as the interest rates come down in North America. Good luck!