Opinions
Jesse Gamble
Decisive Dividend Corp
DE-X
DON'T BUY
Jan 27, 2025
Stock price when the opinion was issued
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(Bruce sits on this company’s board.) Made their 1st acquisition, Blaze King, which manufactures woodstoves. Announced their dividend and have paid a couple of months of dividends. Part of their mandate is to constantly be looking for acquisitions. They are looking to roll up a number of different manufacturing companies, pay out a dividend and grow the companies by taking advantage of the public market versus the private market arbitrage.
(Bruce is on this company’s board.) They are constantly looking to make acquisitions. Businesswise things are fantastic. Made their first acquisition of a company called Blaze King, a wood stove manufacturer. Things are going so well that they increased their dividend from $0.02 to $0.02.5 starting in October.
(He is on the company’s board.) The model is buying different businesses, with the owner managing the business. Made their 1st transaction, Blaze King , a stove manufacturer, and the business has done so well that they bumped the dividend up to 9.3%. They are always going to be searching for more deals.
He was in on the IPO a few years ago. Wood-burning stoves is a large business for them, plus agriculture and some industrial. They acquire and integrate small businesses in order to lead the market. It pays a high dividend. During Covid, business in some parts spiked, but after Covid, their YOY comparables looked like an overall fall-off. The stock hasn't done well since. He sold most of his shares before that downturn. The CEO plans to aggressively buy more companies, but it hasn't happened yet. The dividend is safe, but look elsewhere.