OTCPK:TMBMF - Post by User
Comment by
Alphaseeker1984on Jul 23, 2017 1:10pm
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Post# 26499258
RE:RE:Earning Q3
RE:RE:Earning Q3rinm99 - I do not think the forecast should be of concern. Yes the CDN/US fx is up, but the Euro/CAD fx rate is benefitting TMB right now. Furthermore, I think the CDN $ has overshot here and should come back a bit in the next few months. Short covering kicked in duee to the Bank of Canada's comments and better economic data. However, oil continues to weigh and inflation is well below the target the central bank wants to see, so I would anticipate a change in their stance following the next meeting in October.
Finally, one has to consider the prices for lumber are way up as are SC prices. So I would not be overly concerned with the outlook from TMB management.