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Canfor Corp T.CFP

Alternate Symbol(s):  CFPZF

Canfor Corporation is engaged in the manufacturing of high-value low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. The Company’s segments include lumber and pulp and paper. It produces renewable products from sustainably managed forests at more than 50 facilities across its diversified operating platform in Canada, the United States, and Europe. Its dimension lumber includes Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL), and Canfor Red. Its specialty lumber includes Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears, and Access Mat Lumber. Its engineered wood products include Glulam, and Power Joist. Its pulp products are Bleached Softwood Kraft Pulp, and Unbleached Softwood Kraft Pulp. Its paper products are Bleached Kraft, Coloured Kraft, and Unbleached Kraft. It also has a biomass cogeneration facility in Grande Prairie.


TSX:CFP - Post by User

Bullboard Posts
Post by louelon Oct 24, 2019 2:03pm
232 Views
Post# 30265614

What price ?

What price ? Pattisson is know to buy value.   AAC has been diminished,  Tariffs will be the norm,  Provincial & federal Governments have raised Canadian operating costs.   Canadian lumber industry will never be what it used to be for at least another 40 to 50 years if ever.  The USA can now import Lumber cheaper from Russia than they can from Canada.    And are doing so by ship.   
 
  Canfor just released their report,  Not really condusive to a sky rocketing sale price.

   
 

Canfor Corp. swings to $90.4-million loss in Q3 as revenues plunge 17.5 per cent

Oct 23, 2019

VANCOUVER — Canfor Corp. swung to a loss in the third quarter on weaker lumber market conditions especially in British Columbia and lower earnings in the pulp and paper segments.

The Vancouver-based company lost $90.4 million for the period ended Sept. 30, compared with a $125.3-million profit in the prior year.

Excluding one-time items, the adjusted loss was $44.4 million or 35 cents per share, down from an adjusted profit of $156.9 million or $1.23 per share in the third quarter of 2018.
 

Revenues decreased 17.5 per cent to $1.09 billion from $1.32 billion in the prior year.

 

The company was expected to report an adjusted loss of 40 cents per share on $1.175 billion in revenues, according to financial markets data firm Refinitiv.

 


Bullboard Posts