The company is Canada’s only fully integrated national distributor in the building materials and related products sector. It operates two business segments, Building Materials Distribution and Forestry. CanWel has plants and distribution centres in both Canada and the U.S. and owns approximately 136,000 acres of timberland in Western Canada. The company was founded in 1989 and is headquartered in Vancouver. The stock started to trade publicly in 2004.
Income Investor
If you have not done so already, Sell. The housing market continues to weaken, which will hurt this company's revenue and profit and lead to a dividend cut, likely sooner rather than later. - Gordon Pape
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CWX was first recommended here on December 25, 2017