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Conifex Timber Inc T.CFF

Alternate Symbol(s):  CFXTF

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.


TSX:CFF - Post by User

Bullboard Posts
Post by challenger426on Feb 28, 2019 5:18pm
109 Views
Post# 29425565

10 Year Low - time to buy?

10 Year Low - time to buy?
A new 10 Year low and Double bottom on the chart makes this an interesting investment.  This stock has been punished more than most other lumber companies and more than the 28% reduction in lumber production that they estimated.  I took a small position today and will hold it for at least a year, adding to it if it goes lower or higher.  You have to take a longer view with this and other lumber related companies, especially if there is a housing slow down.  Look at the last run after hitting a new low in January 2016.  It went from $1.85 to $6.91.  CFF has a very low current price to book ratio of 0.226 and decent balance sheet so there is little risk at this time in my opinion.

CFF should soon start up operations again at Fort St. James which could start a new  run.  Here is their last PR:

VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it is temporarily curtailing sawmill operations at its Fort St. James, British Columbia sawmill for three weeks commencing February 4, 2019, due primarily to continued high log costs and lumber market conditions. 

The temporary curtailment, together with Conifex’s previously announced curtailment which commenced in January, will result in an estimated 28% reduction in Conifex’s B.C. lumber production for the first six-months of this year.

Bullboard Posts