Interfor Corp T.IFP

Hold it now

[Apaulson]

Shut em' down

Here comes the rout

Interest rates rising even further

Mass layoffs haven't even begun yet

Lumber about to tank

Interfor needs to close 25% of their mills, lay off staff, find a new CEO

The CEO has overleveraged the company at the worst time

Do they not have any economists on staff

Shorts reported today up 65% since August 31st

Shut em' down

[Apaulson]

I know I shouldn't talk, I don't have a fancy graduate degree from Athabasca University like Ian Fillinger, CEO but he has agressively overbought sawmills with little regard of the downside risks, and those downside risks are not playing themselves out.  This company needs to singnificantly preserve it cash to get through the coming downcycle, but Fillinger doesn't have the

[Apaulson]

Ian Fillinger and Rick Possebon.....they swung for the fences and they effing whiffed. Time for new managment.....

[50centdollars]

Debt to equity is less than 1, and debt to tangible equity is about 1.25.  Current ratio is strong.  Replacement cost of facilities is high.  LBR ~$500 USD.  Housing crisis that, one would think, eventually lead to significantly increase demand for lumber.   I agree that they may have gone one or two acquisitions too far, but I certainly don't see a run for the

[Apaulson]

Fillinger: 1. Overpaid for Eacom 2. Grossly overpaid for Greenfirst 3. Grossly overpaid for Chaleur 4. Misstimed IFP's own SIB 5. Overpaid for Georgia Pacific's mills Ian Fillinger should return his $2.5 million annual salary.  If there is a return to the mean for the stock's performance, there should be a return to the mean for his salary.  He shouldn't get paid this