Q3 positivesOverall a challenging quarter for CFX but that was expected (Northwood down and price floor). Some positives from Q3:
Paper machine continues to do well. $5.0M EBITDA in Q3. This is CFX's diamond in the rough. It is probably worth $75M+ (65%+ of CFX's current market cap).
RB1 inspection was better than expected and management can delay the rebuild a couple years (sometime in 2025).
Management reiterated their reinvestment plan is highly flexible and will be funded by internal cash flow only.
Q4 should be much better than Q3 but will be impacted by price lag (they need to work through the order file).
We are in a pricing environment where CFX Should be profitable. Just need the mills to run and chips to flow.
Kevin should buy some shares.