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DOMAN BUILDING MATERIALS GROUP LTDDD

DOMAN BUILDING MATERIALS GROUP LTD

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DBM trade ideas

DBM is a buy under $6TSX:DBM pays a quarterly dividend of 0.14, which is 9.3% yield. It has fallen back to its September 2021 low, after retracing 50% of its bearish leg. It has heavy support (14 weeks worth) at $5.81 Could it fall further than that? Sure, anything can happen. But I think it is unlikely in the next week, as the ex-dividend date is the end of this week. Perhaps the dividend will be the catalyst to push it lower. I will probably accumulate a position if I can get it sub-$6 on Monday or Tuesday.
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by ChemistNate
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