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Bullboard - Stock Discussion Forum Interfor Corporation T.IFP

Alternate Symbol(s):  IFSPF

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.

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Interfor Corporation > West Fraser takeover
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West Fraser takeover

lifeisgood1010 (290) | July 19, 2022 08:10 am

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

RE:West Fraser takeover

Apaulson (155) | July 19, 2022 08:25 am

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.  

RE:RE:West Fraser takeover

Apaulson (155) | July 19, 2022 08:26 am

But as is my luck, I only hold IFP and CFP.......always the way for me.

RE:RE:RE:West Fraser takeover

lifeisgood1010 (290) | July 19, 2022 08:37 am

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

RE:RE:West Fraser takeover

lifeisgood1010 (290) | July 19, 2022 08:34 am

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.

Shareholders
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%

RE:RE:RE:West Fraser takeover

Apaulson (155) | July 19, 2022 08:39 am

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/




RE:RE:RE:RE:West Fraser takeover

Apaulson (155) | July 19, 2022 08:46 am

@ 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.

RE:RE:RE:RE:West Fraser takeover

sunshine7 (85) | July 19, 2022 10:41 am

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.