OTCPK:TMBMF - Post by User
Comment by
Lumberfeverlongon Jan 30, 2015 3:49pm
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Post# 23383190
RE:VERY GOOD TEMBEC UPDATE BY TOM BRADY
RE:VERY GOOD TEMBEC UPDATE BY TOM BRADYThe reason this stock has been in the gutter so long is precisely because of Lopez and his poor management team. Over the last two years, they sold solid assets, including sawmils in B.C. in good fibre basket areas outside of the reach of the pine beattle and two NBSK mills. Lumber is a very good place to be over the next three to five years while NBSK prices have been near record territory for over a year now. They did this all to raise funds to finance their Temiscaming CoGen project, which was over budget by 50%. Lopez is one of the most incompetent CEOs in Corporate Canada and Tembec's Board should be ashamed of keeping him for as long as they have. They have utterly failed in their oversight responsibility. In my humble opinion, senior mangement and board members at Tembec are only looking after themselves and not shareholders. My advice to investors is to stay away from this stock and look to other good forestry plays in Western Canada.