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Tembec Inc. T.TMB.W

"Tembec Inc along with its subsidiaries operates an integrated forest products business. It produces lumber & building materials, manufactures & markets specialty cellulose & high-yield pulps, and produces & sells coated bleached board & newsprint."


TSX:TMB.W - Post by User

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Post by Lash99on Sep 03, 2016 10:54am
100 Views
Post# 25205478

Week in Review

Week in ReviewThe lumber side really took a hit this week on prices. Futures were off 25-30 depending upon the month you look at. The difference is that the Canadian dollar also weakened which helped lumber and pulp and paper , so somewhat is a status quo . The lumber market is way under bought and there may be a short rally next week where shorts are covered on the futures . The stock price has been stuck between .95 and 1.00  with a little better than the average daily volume being traded. I still think this is a good entry price for this stock as I see little downside. The U.S. Is still on an upward trend on housing starts so I believe this company should see some increased value in the short term. Thoughts from anyone ?
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