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 > current cash position $1.70 /share...WHY????

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Post by downwithdotcom1 on Nov 18, 2024 2:05pm

current cash position $1.70 /share...WHY????

from their Q3 2024 MD&A found on sedar.......they now have $1.70 ish per share in cash... remember , we have a controlling shareholder with 70% ownership ...Simple question is WHY???? see below. dwdc

Total assets were $681.2 million as of September 30, 2024 compared to $624.3 million as at December 31, 2023. The increases were primarily due to increases in cash and cash equivalents, as well as increased accounts receivable.

Cash increased to $174.4 million as of September 30, 2024, from $152.8 million as at December 31, 2023. This is primarily due to changes in operating activities and working capital.