Post by
Apaulson on Jun 01, 2023 6:44pm
Insider Buying - CFO continuing to buy shares
Rick Pozzebon, CFO, continues to buy shares as price drops.
On May 31 and today, June 1st, he bought another 1,850 shares at an avg. price of $19.93 for a total of $36,868.
In the last 12 months, he's bought just over 33,300 shares for over $800,000.
He sees something the market doesn't see apparantly.
Lumber stocks trade on low volume and as a result, upside and downside moves are typically exaggerated.
Interfor is currently trading at 0.52 price to book and at $375 USD per thousand board feet of capacity vs. replacement mill value of $800 USD per thousand board feet. This doesn't even take into account the $708 million on deposit for US lumber tariffis which could be returned at 55% or $7.60 per share.
Extermely undervalued