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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 > This is just the beginning
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This is just the beginning

lifeisgood1010 (248) | July 19, 2022 02:22 pm

Resolute was the first to go.

I did not buy WFG into this morning news because i thought that Jimmy and especially the Ketcham
may not be sellers at these low ball prices.

But this sniffing around as just put the whole industry on sales.

These compny have never had such strong balance sheets in their history and have never been so
profitable.

Many canadian lumber company are worth double the price they are trading at right now.

I will say it again, while there is a short term slow down caused by high home prices and interest moving
up a bit, we are still in an under built situation and a lots of lumber will be needed in many years to
come.

We are just at the start of a long bull cycle for lumber.

That does not mean that stock won't go into short term correction phases like the one we are in 
right now.

But  patient investors will be rewarded big time.

 

RE:This is just the beginning

Possibleidiot01 (1014) | July 20, 2022 03:46 am

Only thing you didn't point out is trees only grow so fast ; in theory , a renewable resource but short term you can only cut so much.

RE:This is just the beginning

Apaulson (148) | July 20, 2022 08:22 am

Despite the mixed messagesyesterday, I think this may be legit.  Kronospan and CVC haven't denied that the Reuter's story was incorrect, which you think they would by now.

I think they'll make an offer and will have to make it $150 or more to get Ketchem/Pattison to accept it.

That said, I didn't buy any WFG yesterday.  I didn't want to chase.

I did add to my IFP position though.

Good luck everyone.

RE:RE:This is just the beginning

lifeisgood1010 (248) | July 20, 2022 08:51 am

Let's not forget that WFG just made a massive SIB and paid $95 us.

It would be very unlilely that Jimmy and the Ketcham agrees to a $100 us offer.

I agree, if WFG were to be taken over it would have to be at a much higher price.

Can you imagine Norbord gone, Resolute gone and if West Fraser was gone,

It would leave only Canfor and Interfor as major Canadian lumber players.

Plus the fact that all lumber company are buying back thei own shares.

Scarcity of stocks will be a big factor going forward.It's always a matter

of supply and demand.

Another thing, IFP in their latest NCIB paid and average of $37.60 for the 6 million shares.

They paid as much as $41.74.So why haven't they initiated a 200 million SIB and why as Canfor

stop buying in July?

Again, i may be seeing things that are not there.But i seems very odd to me.

IFP surely knows that if they were to initiate a 200 million$ SIB, it would put an even bigger target on their back.

In any event, Yesterday's news on WFG just put a big sale board on lumber company

RE:RE:RE:This is just the beginning

Apaulson (148) | July 20, 2022 09:00 am

I agree, I think if WFG is taken out or even if they reject Kronospan's attempt to acquire them, that should increase the value for IFP and CFP.

The short-term may be cloudy with negative real estate numbers, inflation, interest rates, gas prices, Ukraine, etc. but for the medium to long-term, North America needs wood to take care of the under-supply of homes.

Let's also remember Ian Fillinger and Rick Possebon of IFP just recently bought shares.  Rick bought over $500k at roughly $33 per shares which shows strong conviction.

I think they want to hold off on the SIB to show they're being prudent going into the reporting season (next week and week after) but they'll tell investors it's on the table.

CFP may have stopped purchasing stock because in the past, when they were about to curtail operations, they would usually stop the buyback for optics reason (i.e. we're laying off our BC employees and using our cash to buy back shares doesn't look the best).  If CFP is smart though, they'd go after CFP to create a powerhouse to compete against WFG/Kronospan.