$500 Lumber means Annual Profits = almost entire market cap! Yeah, that's not revenue = market cap... PROFIT!!!
Not to say we will see sustained $500 lumber, but just shows how absolutely ridiculous the valuation is with this company currently.
if you take $500 lumber per MBF and assume a profit of about $140.
(CFF should be breaking even around the $360 mark)
At 240 million board feet of production annually, we're looking at:
240M / 1000 = 240,000 x $140 = $33,600,000 in profit.
That's like $0.75 cents profit per share!
Even at 1/4 of this number you're still looking at $8.4M in profits (0.18cents/share) on a stock that's under $1.00.
Point is.... anyone currently selling this stock must be crazy.
When are we going to hear some commentary from the large shareholders on a plan to return this value to shareholders via share price / special dividend or other measures.
Check your local lumber stores... stuff is out of stock or the prices are absurd.