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Bullboard - Stock Discussion Forum Interfor Corp T.IFP

Alternate Symbol(s):  IFSPF

Forest Products Lumber & Wood Production
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 > All time low valuation on P/B basis
View:
Post by Apaulson on Dec 20, 2022 9:10am

All time low valuation on P/B basis

Although this Price to Book Value is at a point in time (year end) rather than average throughout the year, IFP and CFP are trading presently at historically low Price to Book Values:

Price to Book Value  IFP  CFP IFP vs. CFP Difference
December 31, 2013     1.35     2.30              (0.96)
December 31, 2014     2.02     2.47              (0.45)
December 31, 2015     1.27     1.65              (0.38)
December 31, 2016     1.26     1.17                 0.09
December 31, 2017     1.74     1.88              (0.14)
December 31, 2018     1.03     1.02                 0.01
December 31, 2019     1.18     0.92                 0.26
December 31, 2020     1.47     1.30                 0.17
December 31, 2021     1.55     1.14                 0.41
December 19, 2022     0.51     0.59              (0.08)
       
* Excluding CFP's net cash on hand at 2022-09-30, CFP's price to book on Dec. 19, 2022 would be 0.42.
Comment by Tothemoon2 on Dec 22, 2022 9:48am
The market has quickly turned this into a pain trade.  
Comment by Tothemoon2 on Jan 20, 2023 12:06pm
OK I have a full position @US 16.67 so hopefully this stock can quit sawing logs and wake up.
Comment by Tothemoon2 on Jan 24, 2023 2:55pm
Is the slumber over?
Comment by Apaulson on Jan 25, 2023 7:26am
I believe the slumber is over......wood should firm from here on.
Comment by Tothemoon2 on Jan 26, 2023 9:48am
Not gonna lie but didn't think it could bounce this hard/fast.  Sold a little over half position around US19.25.  Curtailment from Canfor and an upgrade made for a good day.
Comment by Tothemoon2 on Feb 24, 2023 9:24am
Hard to enter back into the lumber trade again for me right now.  Where Interfor has been my favorite to trade the last year and a half, I now find myself liking WFG much better.  GLTA
Interfor Corp