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.
By Canadian Press
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.