RE:RE:RE:Epic fail.
Lash99 wrote: I'm a little more conservative. $9 -$12 in the next year or so. Trump has placed a little more volatility to the market. I think we will see he will be a fair individual and talk is he will find a way to keep housing reasonable and that means compromising the rich. Wholesale side , everyone is doing quite well putting lumber on the ground in the U.S. as the demand is better than good . Volatility is good for wholesalers especially when the trend for lumber pricing is going up. When lumber pricing is going up it means better profits for Canadian mills . Actually all mills in U.S. and Canada are doing well. I can understand shorting these mills in a down market but in an up market , man that's just crazy. Good luck to you though , as eventually you will have to cover and drive the price up. Some will win but most will lose. Hey what do I know about supply and demand. Be safe out there. Lash.
I agree a 9-12 range in 12 months is plenty fair. I hope to see 7 by this summer to trigger the debt coveneant where the lender can buy a few million shares on a call option then; easy equity raise and debt reduction.
15 sounds high, right? I would point to Norbord. Norbord is worth $3.00billion. They make appreox 2x the EBITDA of TMB now. They are world class and all, but it's not unlikely for TMB to get world class in a year or two. Two years and the debt "problem" is solved as 240M is paid down. So, let's assign 1/2 of NBD's value right now -- that's $1.5B or $15.00 a share.
$15 is a long way out though. I expect this to be a $1.0 billion company soon, matching RYAM in the US and IFP. And exceeding the worst player in Pulp, CFX, by a 50%. It's criminal that TMB is trading at a major discount to CFX.