Stock update — CWXZF

On Feb 23, I said to purchase CWXZF. It was trading at $6.16. I said buy it now, buy it now now now. I had an image of the girl from Willy Wonky and the chocolate factory — now now now. Lumber was trading around $1,000.00 for 1,000 linear feet, which is about 2.5 to 3x the historical rate. That meant CWXZF was going to have a good Q4, since Q1 2021 was over halfway done and lumbers prices were up, then Q1 would be good. Once those numbers were in, we would have “good” trailing twelve month numbers, and the stock would “look” cheaper. So:

CWXZF. Canwel building. Stonk go up. 20% in the next couple of months.

How did Matts’ prediction do?

Stonk go up, bruh. As of today, the stock is trading at $7.94. That is a 29% gain. The trend has been almost entirely up and to the right, so you could buy and hold.

Quarter four earnings per share were good, at $0.20 Canadian, a little over $0.16 US. Plus the company had a dividend payment of $0.12 Canadian, plus a special dividend of $0.04 Canadian. These dividends went out on April 15 to shareholders of record on March 31st. After foreign transaction fees and currency conversion, that is about another 10 cents a share on top of this.

Plus the company sold seventy million dollars worth of stock to raise capital in April 21 (that is the biggest peak you…