RE:RE:RE:RE:RE:RE:Big open on deck; $1.90 in sight in L2'sCheck page 3.
https://westernforestry.org/wp-content/uploads/2020/01/Hamir-Patel_2020MTC-presentation.pdf
This is guiding my perspective but I didn't realize it until reviewing this doc from CIBC.
Performance coming into 2020, from worst in sector on:
1) CFF. -58% Yes! Worst.... no longer. Trunaroud story + reversion to mean + industry switch to utilities. Huge returns.
2) RFP -54%. Ditto, minus the industry switch even tho they have utilities.
3) CFX. 'Who cares %'. Nope, this thing is F'd. Sorry to the guy with the name "NBSK" who is the solo commenter on this board.
4) WEF. -38%. Shoot, I have this too.
5) CFP. -20% I beleive this is the 'poor management discount to WFT' and thus more indicitive of a value trap rather than opporuntity.
6) WFT -12%. Shocking for the gold standard.
We talk about Apple being the first 2 trillion company in NA. In Canadian forestry our high water mark will be the first 10 billion company. Since we don't have timber REITS that'll be the twin towers of WFT and OSB. I suspect 2x gains for WFT and 3x for OSB. But if this run lasts for longer than I think they could both ascend, trekking out of the primordial ooze forestry swamp, to Home Builder EBITDA multiples of 11x rather than 7. WFT's 2B earnings at 11x take it to 22 billion (vs. its current 5.0).