OTCPK:TMBMF - Post by User
Comment by
oddykogon Jun 04, 2010 10:40am
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Post# 17158521
RE: USD vs CANADIAN DOLLAR
RE: USD vs CANADIAN DOLLARI agree that the market is missing that the C$ has dropped by 5% and more vs. the US$ in recent weeks. What is more the most important product for Tembec is actually pulp, which has been hitting record high prices in terms of US$ pricing of late. Q2 should produce excellent results for Tembec which, combined with the cash received from the sale of the 2 French pulp mills, will make the little debt they now have (after the fresh start accounting write-off of debt) look quite puny in relation to their assets and the volume of their sales.