Conifex Timber Inc T.CFF

December Short Report +350K

[horseshoefalls]

Date	Number of Shares Shorted	Net Change
Dec 31, 2020	359,065	350,186

[2young2invest]

Might be because of power plant disruption. Seems stupid to me considering these lumber prices and  Let's sqeeze these shorters! :D

[2young2invest]

*these lumber prices and insurance for plant.

[horseshoefalls]

Yeah, seems like a dumb move.  Consider also it's < 0.01% of the entire float.

[dosperros]

Well, it's They really need a black swan to cash in because you're stupid, or at least have very attenuated upside, shoring something trading at 1x to 2x EBITDA in an industry that is likely looking at a material multiple expansion. So this could both catch up to the norm (5x), then go to the new reality when they return capital in a more robust way (8x). The extreme cases have this as

[ValueCap]

I'm actually happy with the shorters. When they squeeze they will push the price up. 

[ValueCap]

Yeah these shorts will get squeezed lol 

[2young2invest]

January short -352k. Futures up!

[2young2invest]

I mean lumber futures. :) IMHO there are 3 problems that cause such depressed share price: 1. Company too small, too much risk. Power plant failure didn't cause much sell off, imagine if something happens to sawmill... 1a. Also, big funds are not interested in stock. 2. Two businesses in one, lumber and energy, hard for comptetitors to buy them out. Lumber companies don't want power plant

[horseshoefalls]

Happens to lots of small companies.  Just makes them more of a takeover target/opportunity if they're undevalued that much, even if just for the assets (tenure)