Latest news with #Goodfellow
Yahoo
14-05-2025
- Business
- Yahoo
Goodfellow Reports the Results of its Annual Meeting of Shareholders
DELSON, Quebec, May 14, 2025 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) (the 'Company' or 'Goodfellow') announces that all resolutions presented to the shareholders at its Annual Meeting of Shareholders (the 'Meeting') held today were passed. The total number of shares represented by shareholders in person and by proxy at the Meeting was 5,926,983 representing 70.38% of the Company's outstanding shares. 1. Election of Directors The six (6) nominees for directors proposed by management of the Company were elected pursuant to a vote by ballot. Final voting results on the election of the directors are as follows: Nominee Votes For % For Votes Against % Against Alain Côté 4,929,525 83.32% 986,988 16.68% David A. Goodfellow 3,787,060 64.01% 2,129,453 35.99% G. Douglas Goodfellow 3,787,060 64.01% 2,129,453 35.99% Robert Hall 4,928,800 83.31% 987,713 16.69% Marie-Hélène Nolet 5,895,584 99.65% 20,929 0.35% Sarah Prichard 3,879,637 65.57% 2,036,876 34.43% 2. Appointment of Auditor KPMG LLP was reappointed as the Company's auditor pursuant to a vote by ballot. In all, 5,912,734 votes representing 99.76% of the votes cast were in favour of KPMG LLP and 14,249 votes representing 0.24% of the votes cast have withheld from voting. The Company has filed a report of voting results on all resolutions voted on at the Meeting on SEDAR ( About Goodfellow Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally. Goodfellow Inc. is a publicly traded company, and its shares are listed on the Toronto Stock Exchange under the symbol 'GDL'. From: Goodfellow Inc. Patrick Goodfellow President and CEO T: 450 635-6511 F: 450 635-3730 info@
Yahoo
09-05-2025
- Business
- Yahoo
Goodfellow (TSE:GDL) shareholders have earned a 31% CAGR over the last five years
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of Goodfellow Inc. (TSE:GDL) stock is up an impressive 184% over the last five years. In the last week the share price is up 1.9%. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. We've discovered 3 warning signs about Goodfellow. View them for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, Goodfellow managed to grow its earnings per share at 35% a year. The EPS growth is more impressive than the yearly share price gain of 23% over the same period. So it seems the market isn't so enthusiastic about the stock these days. This cautious sentiment is reflected in its (fairly low) P/E ratio of 9.00. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Dive deeper into the earnings by checking this interactive graph of Goodfellow's earnings, revenue and cash flow. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Goodfellow the TSR over the last 5 years was 282%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! Goodfellow shareholders are down 14% for the year (even including dividends), but the market itself is up 14%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 31% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Goodfellow (of which 1 shouldn't be ignored!) you should know about. Goodfellow is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
23-04-2025
- Entertainment
- Telegraph
A children's novel in verse? It works a treat
A generation ago, children's novels written in verse were something of a rarity. But in 2019, they made up almost half the novels shortlisted for the Carnegie medal – and this uplifting story by Matt Goodfellow is the genre's latest gem. Goodfellow's first novel, The Final Year (2023), used blank verse, spoken in the first person, to relate the experiences of a working-class boy called Nate during his last year at primary school. The First Year uses the same format, resuming the story as Nate prepares to start secondary school. Nate has not had it easy. When we first met him, his younger brother was suffering from a life-threatening heart condition, his single mother was struggling to cope, and Nate's emotions all too often found expression in an anger which he named 'The Beast'. But, as The First Year begins, things are looking up. Nate's brother is better, and his home life has stabilised a little: 'I've noticed Mum smoking a bit less / there's more food in the cupboards / and not as much booze about …. Sometimes Mum actually wakes me up with a brew / and a bacon butty … / I like it! ' When Nate starts at his new school, much of the narrative focuses on issues that will be familiar to every reader. He sets about making new friends, and staying out of trouble: 'I'll sum the rest of the first week up / Rushin. / Rules. / Gettin lost. / Tryin not to die in corridor crushes.' But when the school bully sends Nate's friend 'flyin against the wall', Nate's anger once again threatens to get the better of him: 'The Beast comes outta nowhere / tears along my veins to my fists / fills my brain with flames.' And when the father whom Nate has never met suddenly appears, disappointment inevitably follows. ('When I was proper little / I'd ask Mum / why other kids / had a dad / but I didn't. / Then I learned / to stop askin / cos I hated / seein her cry.') Goodfellow is brilliant at capturing the voice of his young speaker who, as with all the best schoolboy narrators, combines innocence with a beady eye for observation. And yet Nate is no average 11-year-old. He can recognise a swift (they 'whirl and swirl / like crazy little fighter jets, / sunlight glintin on their underwings'), and he has an empathy beyond his years, which extends even to the boy who has been bullying him. (His father is 'a proper wrong 'un'; and 'if that's what he's been around / then that's what he's gonna become.') In lesser hands, Nate might seem too good a narrator to be true. But Goodfellow writes with acuity, giving us a coming-of-age novel which combines kitchen sink realism with a feel-good factor reminiscent of Paddington Bear.
The Guardian
13-04-2025
- Business
- The Guardian
Global supply chains under pressure as Trump tariff uncertainties continue
The container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office. At the stroke of a pen on a US presidential executive order, about £100,000 was added to the cost of one of the shipments on board, from UK advanced materials manufacturer Goodfellow, destined for a US customer. This time the Cambridge-based company – which supplies scientific materials including metals, alloys and polymers for research – and its customers remembered the sting of experience. Several clients got in touch trying to get ahead of Trump's threatened second-term tariffs. 'We had conversations with people about whether [orders] could be sped up to pull them forward, which is not necessarily an option because of lead times and manufacturing times,' says Andrew Watson, chief financial officer at Goodfellow. Similar conversations will undoubtedly have taken place at companies around the globe in recent weeks, as suppliers scrambled to move goods to the US ahead of Trump's much-trailed 'liberation day' announcement, trying to dodge higher costs and protect their margins. The dust is settling on a week of market turmoil, and despite the White House decision to pause additional tariffs for countries other than China for 90 days, the established global trading order has been thrown into disarray. Supply chain specialists are concerned that complex international trade networks built over decades risk being ripped up, as companies set about the complicated task of working out if they can source their products from different countries. The scale of the tariffs surprised many, prompting manufacturers of goods from car parts to chocolate to shift more stock or re-route products, sending the cost of short-term shipping contracts and air freight higher. Swiss chocolate maker Lindt & Sprüengli was just one firm which sent extra stock to Canada from its US factory to avoid retaliatory Canadian tariffs on US imports imposed in response to Trump's levies on its neighbour. Lindt said in March it had shipped more goods from New Hampshire, from where it supplies most of the North American market. A spokesperson for the company said it was currently 'evaluating our global sourcing strategy for Canada to safeguard supply'. The cost of shipping goods from east Asia to the US on short-term contracts jumped at the start of the month, just ahead of 'tariff day'. 'The huge amount of uncertainty always brings around opportunities for carriers to take advantage of an unfortunate situation for anyone working maritime supply chains and that is often by hiking rates,' says Peter Sand, chief analyst at shipping analytics firm Xeneta. The average spot shipping rates between China and the east coast of the US climbed on 1 April by 9% to $322 for a 40-foot equivalent unit (FEU), a standard shipping container, while they rose by 16% to $383/FEU to the west coast, according to figures from Xeneta. The cost of short-term contracts to send air freight from Vietnam to the US jumped by 8% in the first week of April, the data provider found, while spot air cargo rates from China to the US rose by 5%. In the short term, spot shipping rates are expected to remain volatile, and ports will be planning for congestion. However, further ahead, shipping analysts predict a slump in demand for trade between the world's two largest economies, as the US and China remain locked in an ever-escalating trade war of increasing tariff rates, which is expected to push longer-term shipping rates down. Trump's 25% levies on steel, aluminium and cars are not included in the 90-day tariff delay, prompting several companies to pause shipments. Jaguar Land Rover, one of Britain's biggest carmakers, and Germany's Audi are among those who have temporarily stopped exports to the US. Such decisions are already having knock-on effects on ports which handle large volumes of autos. Cars have been stacking up at Bremerhaven, on Germany's North Sea coast, one of the world's largest vehicle handling ports, processing about 1.5m vehicles a year. The port's owners, BLG, said it was experiencing 'a slight increase in export stock' at the terminal, but insisted it still had free space and could store a total of 82,000 vehicles at the port and a new inland facility. BLG said car manufacturers and shipping companies were currently 'deciding at short notice which vehicles will be booked on to the ships bound for the USA'. The introduction of tariffs comes at a particularly tricky time for many US importers, which traditionally finalise annual long-term shipping contracts with carriers in March and April, to come into force on 1 May. Such contracts are particularly critical for those importing large quantities of goods who need reliable and affordable transport. 'The timing couldn't be any worse,' says Sand. 'Many are holding back if they can and relying more on the spot market, avoiding locking themselves into contracts for volumes on trade lanes that may not be profitable to them a week or a month from now.' US companies that import from China will undoubtedly be looking at alternative places to source their goods. However, supply chain experts warn it can take years to set up a network of supply chains, and it is not simply a question of finding a different producer. Businesses are 'trying to understand the ramifications of how to manage their supply chain,' says Marco Forgione, director general at the Chartered Institute of Export & International Trade. 'The medium-term strategy to try and reduce exposure to the US market and grow other markets, and that trade diversion is going to happen massively.' Trade diversion is a concern for other countries, notably the EU. Europe has been warned that if it does not act swiftly to tighten its own trade barriers, it could become the dumping ground for surplus Chinese production. Indeed, the port of Antwerp-Bruges in Belgium has been battling for several months with huge volumes of arrivals of Chinese-made electric vehicles, even before the latest wave of tariffs. 'The UK, and others, will need to strengthen their guard against an increased focus from Chinese suppliers who have to dispose of product originally intended for the US market,' says Ian Worth, customs director at accountancy firm Crowe. While product dumping could lower prices for consumers in the short-term, it could also 'further knock the UK's manufacturing industry and jeopardise any efforts to onshore manufacturing,' Worth adds. In addition, yet another challenge is steaming into view on the horizon, threatening to disrupt global trade flows further. The Office of the US Trade Representative (USTR) has proposed imposing costly port fees – of about $1m for each port call – on Chinese-built ships, in a bid to revive the US's shipbuilding industry, at a time when Chinese-made ships constitute most of the fleets of the world's 10 largest shipping carriers. The proposals met with significant backlash, as shipping companies and trade groups warned the fees would hurt US farm exports, increase prices for American consumers and threaten the jobs of US dockworkers if vessels called at fewer ports in response. Ships from Asia call on average at four US ports. The USTR has reportedly said it was reconsidering the port fee proposals, with more information on its plans expected in the coming week, ahead of the Easter break. In the meantime, the only constant for global trading businesses is uncertainty.
Yahoo
12-04-2025
- Business
- Yahoo
A Look At The Intrinsic Value Of Goodfellow Inc. (TSE:GDL)
Using the Dividend Discount Model, Goodfellow fair value estimate is CA$9.16 With CA$10.95 share price, Goodfellow appears to be trading close to its estimated fair value Peers of Goodfellow are currently trading on average at a 23% discount Today we will run through one way of estimating the intrinsic value of Goodfellow Inc. (TSE:GDL) by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not, it's not too difficult to follow, as you'll see from our example! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We have to calculate the value of Goodfellow slightly differently to other stocks because it is a trade distributors company. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.4%. We then discount this figure to today's value at a cost of equity of 7.8%. Relative to the current share price of CA$11.0, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = CA$0.5 / (7.8% – 2.4%) = CA$9.2 Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Goodfellow as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.261. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Goodfellow Strength Debt is well covered by earnings. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Trade Distributors market. Current share price is above our estimate of fair value. Opportunity GDL's financial characteristics indicate limited near-term opportunities for shareholders. Lack of analyst coverage makes it difficult to determine GDL's earnings prospects. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Goodfellow, we've compiled three essential items you should assess: Risks: To that end, you should learn about the 3 warning signs we've spotted with Goodfellow (including 1 which makes us a bit uncomfortable) . Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! Other Top Analyst Picks: Interested to see what the analysts are thinking? Take a look at our interactive list of analysts' top stock picks to find out what they feel might have an attractive future outlook! PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
