Bullboard - Stock Discussion Forum Taiga Building Products Ltd T.TBL

Alternate Symbol(s): TGAFF

Taiga Building Products Ltd is a Canada-based independent wholesale distributor of building products in Canada and the United States. The Company operates within two reportable geographic areas, Canada and the United States. It owns and operates four wood preservation plants that produce pressure treated wood products. Its product categories include composite decking, engineered wood, fencing... see more

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TSX:TBL - Post Discussion

Taiga Building Products Ltd > TBL's share buy back propping up the price

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Post by MadCan24 on Sep 08, 2021 2:22pm

TBL's share buy back propping up the price

While it feels good to see TBL green, even when the whole market is trading red but wondering what's keeping it green? Does anyone know if its the TBL's share buy back that's keeping he price high, especially looking at the abysmal volume of shares traded?

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Comment by Stocker46 on Sep 08, 2021 5:11pm

Wouldn't exactly call $2.59 propping up the SP on a stock with a price/earnings ratio of 2 ... can't get much lower. TBL is grossly undervalued but I can't see much changing under the current owners & management. They desperately need to make changes. - create more tradable shares .. will only happen if Avarga gives up some of their 75% plus ownership or the company gets bought ...more

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Taiga Building Products Ltd