SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Stateside's Canadian Microcap Board
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: statesidereport who wrote (1484)2/18/2016 10:14:13 AM
From: ayeyou1 Recommendation

Recommended By
kidl

  Read Replies (1) of 1728
 
Having worked construction on the lower mainland for 15 years or so I do know that the profit margin on framing contracts down there tend to be very skinny. The indo canadians have stepped into the contracting biz in a big way and framing contracts quickly dropped from around $7 a sq ft to $3 to 4$ a sq ft. Barely enough to pay expenses at $4 a foot. Quality of their work was suspect but they never seemed to be without jobs.
Of course when we went to bid we had to compete with their bids so it made things very tough. A lot of framing contractors I knew closed up shop and went into renovation and remodeling work because they just could not exist on going rate for framing. Tough racket and lots of room for things to go very badly.
A contract win in that racket may not be a win at all when the smoke clears. When I saw they were going into framing I sold my 1/2 mil shares.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News