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2 yrs ago, I sold all my flbhd for a small profit. fast fwd to 2 years now, the share price lost more than 50 percent and no dividend. what happened to the management?
I use 2 references for plywood companies - Eksons which is relying on 3rd party for its logs and Taann with its own logging operations. Eksons decided to exit the plywood business in Jan 2023 while Taann is still manufacturing plywood.
As expected, Qtr 2 2023 results not good, made a loss. Looking forward, Qtr 3 2023, will be better. Fires in Canada has caused a shortage in lumber supply. Hope the next 2 Quarters will post a profit.