Post by
forkliftguy on Dec 26, 2021 3:24pm
Fairfax Investments
I rarely comment on other stocks on the Stelco site , " Tothemoon 2 " specifically asked about Resolute Forest Products ( RFP ) . Fairfax has a very large position in both . Obviously , these are value type companies . RFP is a Canadian company but 90% of it's trading volume is on the NYSE . I would love for Stelco to get an NYSE listing . RFP has 4 divisions but 50 % of its sales and most of its profits come from wood products .. IT trades at less than 70% of its book value , It will make 8 dollars a share this year , and I think at least 6 dollars a share next year . They currently have a 100 million dollar share buyback program out of free cash flow . Debt level is low and Pension obligations are very manageable . The stock trades at under 14 dollars U.S. This company ans Stelco are my two largeast positions out of 18 stocks . Bottom line , I like the future of Steel and Lumber . Not too sure of BITCOIN ? ? or stocks trading at 20 times SALES ? ? I wish everyone a happy and healthy 2022 !
Comment by
CHECKMATE77 on Dec 27, 2021 4:04pm
Gsy is an excellent company