Yesterday, i wrote
In the 2000's we had a lot of steel company(and steel processors trading on the TSX(Dofasco, Stelco,Ipsco,Algoma, Harris, Samuel.Leroux...).Once one was acquired, they all were(Stelco went banckrupt buy was purchased by private equity).Now Stelco and Algoma are back.
I think there is a possibility that we could see the same thing happening with our forest industry.
After Resolut, we could see many more acquisitions coming.
Well, i did not take long.after resolut , it's West Fraser.
AND THERE WILL BE MORE
Wow, this is crazy. WFG is the strongest. I thought they would be the acquirer of other North American players, not be acquired by a European company.
Mark Wilde, of BMO, mentioned in a report a while back that Kronospan reported a 8% or so holding in WFG. I should have paid more attention to it.
Looks like WFG is up close to 25% pre market. IFP and CFP should have similar moves. The industry is consolidating more and more.
But as is my luck, I only hold IFP and CFP.......always the way for me.
Your up on me, i only hold IFP.
Still believe that IFP will not be a stand alone company at year end and maybe sooner.
This could also apply to Canfor
I wonder if Jimmy and the Ketcham's will agree to be taken over
This info. on major shareholders may be staled.It's from the marketscreener web site.
| |
| Name | Equities | % | | James Allen Pattison | 8,914,900 | 8.97% | | Luda Stiftung | 8,200,394 | 8.25% | | Pictet Asset Management SA | 5,363,779 | 5.40% | | Ketcham Investments, Inc. | 3,912,718 | 3.94% | | Norges Bank Investment Management | 3,905,462 | 3.93% | | William Peters Ketcham | 3,887,792 | 3.91% | | Fidelity Management & Research Co. LLC | 2,761,367 | 2.78% | | The Vanguard Group, Inc. | 2,398,788 | 2.41% | | CI Investments, Inc. | 2,366,994 | 2.38% | | BMO Asset Management Corp. | 2,031,831 | 2.04% | |
I think Pattison and the Ketcham family will make the Austrians pay top dollar.
The Austrians need wood. Europe is on fire. Russia is going to be out of the picture for a while.
Lumber prices are going up daily apparantly in Europe. The Austians see the need for wood.
https://www.dezeen.com/2022/06/17/timber-shortage-ukraine-war-news/
@ lifeisgood1010 - Premarket WFG (NYSE) is up ~25% to $105. WFG's highest price in the last 5 years was around $100. They'll have to pay a premium of at least 20% to the all time high to win over the major shareholders I would think. So WFG may be a good idea for a short term trade.....although they said once a takeover is anounced, you've missed most of the upside and the risk may not be worth it.
Russia and Ukraine are very significant suppliers of wood to EU. Diversion of N.A. supplies to EU will help the lumber benchmark stay firm to up IMO.