Pretty sad to see the price way down here. 1.There are a few things going on. For tax reason USA buyers do not want lumber sitting in their yards from now until year end.
2. The commany refuse to consolidate the shares to 100 million from 388 million. Many funds are ineligible to buy this stock as it is under $5.
3.On the plus side lumber prices are good. I heard the other day Cedar is $3,000 a thousand board feet and that Douglas fir is in short supply. So I expect a good Q4.
4. The latest USA acquisition will be accretive to earnigs from the get go.
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