This Canadian Dividend Stock Is Down 25% and a Screaming Buy
Stella-Jones (TSX:SJ) shares fell about 25% from roughly $100 earlier this year to around $75 after its latest quarterly results disappointed investors, according to the article. Net income dropped to $60 million ($1.10/share) from $1.67/share a year earlier, while revenue rose from $773 million to $791 million. The article attributes the profit decline to lower gross margin (21.7% to 19.6%) from product mix, pricing pressure, and higher input costs.


