Goodfellow Inc T.GDL

Apparently Stella Jones is dirt cheap at 11 times earnings

[hawkowl1]

Stella-Jones (SJ TSX)

Looking for high-quality earnings at a dirt-cheap price? Stella Jones is the leading North American producer of railway ties and utility poles. Most of their sales are re-occurring from the replacement of wooden ties and poles, although there is strong growth in utility poles from expanding the power grid and new fire-resistant poles. They also have a residential lumber business (roughly 30 per cent of revenue) through Home Depot, which boomed during the pandemic as people stayed home and spent on home renovations. The balance sheet is very strong, allowing more acquisitions in infrastructure-related products and returns ranging from $500 million to $600 million for shareholders over the next few years through aggressive share buy-backs and annual dividend hikes. The stock is down nearly 30 per cent, and is being treated as an “unwinding of the COVID trade,” even though the lumber business continues to grow above pre-pandemic levels. The stock is a high quality name trading at a dirt cheap valuation of around 11X earnings.

[hawkowl1]

Good luck if your attempting to contact anyone from Goodfellow for a question . They are very investor  unfriendly.  Are you serious ..how dare you try and contact our company. Most of board of directors are geriatrics who cant see or hear ..   We have no time for you dumb investors..go away . Will send you a few pesos in dividends are our discretion

[hawkowl1]

It truly is criminal how GDL management is undervaluing their company. I think I will put a sell at market order in morning to sell my 100,000 shares of GDl  After all.. its a Quebec company .. we cant expect much hey..LOL  

[lifeisgood1010]

I concur, i wrote to them asking the date of the Q1 results release date  and never got an answer. Very undervalued assets but very poor investor relationship

[nelson07]

Just got an answer, result will be reported after the close today

[Northforce13]

Maybe they got tired of answering the same dumb questions from dumb people 30 years ago

[gossamer9]

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