Taiga Building Products Ltd T.TBL

Excess Cash!

[canuckstocks]

Taiga has no debt and  $151 Million  in cash and equivalents. 60 million is in a GIC - that now matured in january.. They put 9 million in a "investment in a private Asian Real Estate Fund"... they don't say in the report what fund that is exactly... i'm discouraged that they can't find a more lucrative option like expanding or an aquisition. Or are they just waiting for the right time to pull the trigger? IF not why don't they let shareholders decide what to do with the money and pay out more dividends instead? 151 million is too much to let it just sit idle. GICs seem pretty weak. 4 - 5%..

[downwithdotcom1]

do you understand the current structure of this company??? There is a  controlling shareholder holding more than 72% of the float out of Singapore leaving a paltry 30 mill public float...WHY??? take a look at the previous posts as to how much money is being paid to their board of directors - ITS  OUTRAGEOUS...not sure how this is legal...I thought for sure that this company would be

[canuckstocks]

yes, I knew Avarga had that controlling interest. I wasn't saying that shareholders should vote on the matter; I knew avarga was calling the shots. And i did point out the huge compensation and bonuses being paid out. What I'm talking about is the balance sheet in the audited annual financial statement that was released last week and the fact that we have over 152 million in cash and