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Canfor Corp T.CFP

Alternate Symbol(s):  CFPZF

Canfor Corporation is an integrated forest products company. The Company operates through two segments: lumber segment and pulp and paper segment. The Company’s solid wood products include dimension lumber, specialty lumber and engineered wood products. The dimension lumber products include Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL) and Canfor Red. The specialty lumber products include Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears and Access Mat Lumber. Its Pulp products include Bleached Softwood Kraft Pulp and Unbleached Softwood Kraft Pulp. Its paper products include Bleached Kraft, Coloured Kraft and Unbleached Kraft. It also has bioenergy products. It also produces green energy in its lumber and pulp facilities across North America. The Western Canadian operations produce superior SPF lumber from sustainably managed forestlands. It is used for construction projects in North America and around the globe.


TSX:CFP - Post by User

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Post by lifeisgood1010on Oct 10, 2022 11:53am
243 Views
Post# 35015725

NCIB

NCIBWhat intrigues me the most is that CFP as not purchased a single share under their NCIB
since June 30th.

Under the existing NCIB,in May they paid in a range of $23.23 to $26.67 and in June, they paid in a range of $21.47 to $26.30.

Book value and even more replacement costs of their mills are worth much much more than the actual
selling price of the stock even if we put a zero value to their BC mills.

If they were buying at much higher price and sitting with close to 1.3 billion in cash at the end of June,
WHY aren't they buying under the NCIB?

Either the management is plain stupid or something is going on.

Yes, their is a possibility that grinchy Pattison is working his board to get the lowest possible
price to take CFP private.If that's the case, we will find out before year end


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