Conifex Timber Inc T.CFF

U.S. Housing Starts Numbers Beat Estimates 1,496k annualized

[horseshoefalls]

- Housing starts rose 22.6% in July after rising 17.5% the prior month
- Building permits rose to 1,495k vs 1,258k in June; est. 1,326k

Little to no resisitance on the share price now either as seen yesterday past $1.20.... Conifex could very well move up to the $3.00 range in the short term.

[lifeisgood1010]

Looking good for you guys. I was to chichen to take a position in CFF. All lumber stocks will do very well but your CFF has much more torque in this kind of  envirenment and should do much better. Housing starts. Very strong numbers. Housing starts up 22.6% vs 4.6% est. Building permits up 18.8% vs 4.8% est. As per CNBC Diane Olick, the big increase came from multi family

[horseshoefalls]

Just curious why you were too chicken to take a position? I realize most people don't follow this stock, but it was mostly de-risked once their US Mills were sold.  As long as Mac is turning a profit, they are golden. (well, assuming Ken doesn't get crazy -  but I suspect he won't after what happened)

[dosperros]

Yes, I was curious as well.  Historcially there were only two "pure play" lumber co's: IFP and CFF.  CFF is more a utility than enything -- in fact, I was looking at the absurd valuation multiples those steady sectors pull and it's something else.  Even Acadian timber, of steady revenuce fame, get's a 14.5x multiple from RBC,   Anyway, it's

[lifeisgood1010]

Because of my very conservative nature and idid not do my homework on this smaller company. I was dead wrong on overlooking CFF and investors like both of you will reap huge benefits for your work done on CFF I usually stick with bigger cap. stocks.My small position with WEF is unusual for me but i am very happy to have taken it. Congrats to Dosperros and Horseshoefalls

[dosperros]

Exactly,  The higher trading volume we saw yesterday helps -- it was 5x the average of 40k/day.  I sure wish they had at least rubber stamped the NCIB for optional deployment now as the opporutnity for the firm to remove shares on the cheap is waning.  After all, the mill is booking ~~ $300,000 or $400,000 a day in free cash by my estimate, so that would have been good dry powder to

[horseshoefalls]

You are making way too much sense on everything. I agree on the NCIB, but at the same time - if that doesn't work out they can hoard cash and will be in a strong strong balance sheet position or can enteratin the idea of a dividend distribution. I would be intersted in some of those Twitter handles you follow if you want to DM me.