Heard about this Canadian stock last week from a daily email I receive. The stock is up over 16% in the last 5 days and 30% over the last 3 months. It also pays a quarterly $0.12 dividend (4.78% yield). Here is the description of the company.
CanWel Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company primarily serves new home construction, home renovation, and industrial markets, as well as provides its building products to dealer/lumberyard and home improvement centers. The portfolio of the firm consists of engineered wood products, fasteners, insulation, outdoor living products, and others. The operating segments of the company are Building Materials Distribution and Forestry. The majority of the revenue is generated from the building materials distribution segment. Geographical it operates in the region of Canada and the Western United States of which Canada regions account for larger revenue share.
I think I'll bite for a small position on this and see how it performs. The industry is on an upswing right now.
CanWel Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company primarily serves new home construction, home renovation, and industrial markets, as well as provides its building products to dealer/lumberyard and home improvement centers. The portfolio of the firm consists of engineered wood products, fasteners, insulation, outdoor living products, and others. The operating segments of the company are Building Materials Distribution and Forestry. The majority of the revenue is generated from the building materials distribution segment. Geographical it operates in the region of Canada and the Western United States of which Canada regions account for larger revenue share.
I think I'll bite for a small position on this and see how it performs. The industry is on an upswing right now.
