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Bullboard - Stock Discussion Forum Interfor Corp T.IFP

Alternate Symbol(s):  IFSPF

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. The Company operates through solid wood products segment. The Company offers its products across two categories, which include Dimension Lumber and Specialty Lumber. The Company's products include Interfor... see more

TSX:IFP - Post Discussion

Interfor Corp > Alex Ruus - BNN - BUY
View:
Post by Possibleidiot01 on Oct 19, 2022 2:43pm

Alex Ruus - BNN - BUY

BUY
Super cheap at 2x earnings, forecast 6x next year. In short term, lumber prices under pressure. Economic storm clouds ahead. Entire sector really cheap, but really good balance sheets. Just need stabilization in prices and a hint of an uptick, and these stocks will do well. Allowable cut in BC has gone down, so IFP mainly in Atlantic Canada and Eastern US.
west coast forestry
Some say buy cyclicals when multiple has soared and profit has collapsed. Generally true, but things have gotten so wacky. Canada has 3 world-class lumber companies: IFP, CFP, and WFG. At the bottom of the cycle, they'd be at-worst break even. So he'd argue they should be trading at higher multiples than what they're at.
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