Canfor Pulp Products Inc T.CFX

Next Week

[Fiberman]

Excited to see if there is any pulse with earnings next week. Posted several times, if production and shipments catch up, current pulp prices will take care of the rest. Over/Under $5? Interesting that the market continues to wager on the under. Good luck to all Longs next week.

[dosperros]

I just noticed CFX on a list from CIBC I was playing with.  A bit lower than I thought expecting their 2022 multiple to be 5.1x.  That's cheap but not CHEAP like the parent co, WFG, IFP etc. Exhibit 12: Forestry, Building Products & Packaging – EV/EBITDA Valuations, 2020 – 2023E Company Ticker 4/18/2022 Street

[dosperros]

The Q1 forecast is brutal.  CIBC forcasts ($20M) as the cash loss.  The "street" is apparenlty also a loss at ($14M).  Downtime I suspect, but the whole log chipping and whatnot must be driving up costs in the main BC ops.  That Taylor outfit can pull from Albera so it is fine, but I guess it's been idle a lot of the Q.   Not sure why there'd be

[Nbsk]

Thanks for chiming in dosperros. The problem with the list is the EBITDA is simply not there for CFX currently! The main asset is coming back from 2 back-to-back refurb which will make it that much reliable. The shipping has also been a problem, lets hope it's improving enough for us. https://www.theglobeandmail.com/investing/markets/stocks/CFX-T/financials/ Look at the 2017 and 2018 here,