Topic: How To Invest

Q: Hello, TSI team. What do you think of CanWel Building Materials Group Inc., symbol CWX on Toronto? Thanks.

Article Excerpt

A: CanWel Building Materials Group Inc., $5.43, symbol CWX on Toronto (Shares outstanding: 77.8 million; Market cap: $425.0 million; www.canwel.com), distributes hardware, building materials and home renovation products in Canada, Hawaii, and other Western U.S. states. The company was founded in 1989 and is headquartered in Vancouver. CanWel serves the new-home construction, home renovation and industrial markets. It also supplies the retail lumber and building-materials industry, hardware stores, and industrial and furniture manufacturers. Its products include adhesives and fasteners, decking and exterior products, flooring, insulation, locksets, roofing, siding, storage, underlayment, and wall systems. In addition, the company owns approximately 117,000 acres of private timberlands, log harvesting and trucking operations, and several post and pole peeling facilities. Its operations also extend to two pressure-treated specialty wood production plants and a specialty sawmill. In 2019, 68% of CanWel’s total revenue came from Canada, and 32% from the U.S. CanWel began trading in May 2005 as an income trust when it first sold units to the public at…