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maxluke1

08/24/21 2:09 PM

#90298 RE: hweb2 #90256

HBP - got around to buying a small position in this. You're right that they are less exposed to lumber than I thought. It's ~10% of their sales.

Unfortunately, doesn't look like they break out operating income by their 3 divisions (millwork, building products, wood products). At most, it looks like the wood products division may have contributed ~3 million to operating income (though I suspect that's too high; I'm assuming ~12% margins here, comparable to some other lumber companies I follow).
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hweb2

08/25/21 12:49 AM

#90312 RE: hweb2 #90256

BXC up another 14% today. After the company announced it was terminating their ATM offering...and announcing a $25M stock buyback instead. This is exactly what IMMR needs to do!

https://finance.yahoo.com/news/bluelinx-announces-termination-market-offering-201500307.html
https://finance.yahoo.com/news/bluelinx-announces-25-million-share-202000954.html