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Bullboard - Stock Discussion Forum Goodfellow Inc T.GDL

Alternate Symbol(s):  GFELF

Goodfellow Inc. is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. Its business activities related to remanufacturing and distribution of lumber and wood products. It produces wood, wall concept, insulation and soundproofing, panels, floor, coating, specialties, terrace and roof. Its services include custom... see more

TSX:GDL - Post Discussion

Goodfellow Inc > New 15 year high.Something is going on
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Post by lifeisgood1010 on Jan 19, 2023 12:00pm

New 15 year high.Something is going on

Do we get another one today?If not today, it will be soon.

Something is going on with this company.After this sharp move and in a bad tape, the few investors that hold this stock aren't selling.My estimate is that there a less than 600 shareholders.

I hold 7000 shares.So if i am an average shareholder (3,297,047/ 7000) = 471 shareholders

One might say, there is no volume to support what you are advancing.

I would reply, look at the recent volume VS it's usual volume.

There are days that it does trades or in the hundred.But lately it's been picking up.

I was looking at the float.If we substact the Goodfellow, Jarislowsky and Fidelity 
position, there are only 3,297,047 shares available.

Market cap is only128.5 million.So when the Goodfellow decide to sell, it will be easy to find a
buyer.At $23, it would be less than 200 million.
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