RE:RE:Possible Dividend JustificationAgree on the take-out as well.
2 of 4 analyst reports for Q4 cited this. (RBC and CIBC).
RBC: "M&A? We believe Conifex's expansion into the US South and plentiful BC
wood supply (in a shrinking wood basket) is likely getting the attention of
the lumber majors."
CIBC:
"Trading At A Steep Discount To Peers: Conifex is trading at 4.7x
2019E EV/EBITDA, a discount to West Fraser (6.2x), Canfor (6.4x) and
Interfor (6.5x). Once El Dorado has ramped up (and assuming it
meets management's cost and volume guidance), we believe Conifex
could be a potential acquisition target for one of the majors or
Tolko."