OTCPK:TMBMF - Post by User
Post by
Lumberfeverlongon May 19, 2015 10:58pm
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Post# 23743212
Shutting Down Sawmills
Shutting Down Sawmills Tembec must be having serious liquidity issues if it is idling sawmills just when US Housing Starts seem to be taking off. Lopez and the rest of his crackpot management team bet on the wrong horse and now are in no position to benfit from a rising lumber market. It is always easy to blame others for one's own failings. Quebec's new forest tenure regime reflects the market price for timber. If Tembec cannot pay the market price for timber like their competitors, they simply are no longer competitive in their saemill operations. This thanks to the complete blunder that is the Temiscamingue Cogen and Turbine Project. Well done Jim!