Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
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.
Way undervalue stock. Cash rich! Take total cash less total debts (They don't have debts by the way) and divide by outstanding share is 0.51 sen which now trading below that level. Also look at 5 to 10 years as an investment not gambling then you will not worry to much about price movement. Will keep collecting anything below 0.50
