RE:RE:RE:A short read following up my looong previous post I wouldn't really call myself "boots on the ground" but I travel out that way every few months to check up on stuff. Sure, I can send a couple pics over if you like.
That's the massive silver lining in the insane lumber prices eh? Theoretically, it should've wiped out a significant portion of debt and increase cashfolw for pretty much any lumber company on the market. Even if prices go back to 2018 levels and stay stagnent everyone should still be better off from a cashflow and equity perspective (assuming they bought down their debts).
Great spreadsheet, I'm going to have to spend a little time comparing.
You're pretty much all in on forrestry eh? I feel like the entire industry is undervalued because everyone is into technology and chasing the new/shiny...
I like your portfolio mix I'm going to have to dig into RFP, I appriciate the recommendation! If you don't mind my asking, why REITS instead of an Equity Corp? My understanding is that REITS have to pay out a minimum of 90% of their taxable income as dividends which isn't always the best play in realestate.
Fully agree on your outlook about Ken. On the bright side, he's old so he can't hold his position for all that much longer so one way or another, (Even if it's after he's replaced) CFF will realize at least some of its Latent value.
- papa
PS. Re: holding your baby when whipping up that post. Isn't parenthood the best? We had our first 3 months ago and it's mind blowing watching him grow.