Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

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.

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Conifex Timber Inc

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Comment by dosperroson Feb 16, 2020 10:10pm

62 Views

Post# 30698411

RE:RE:RE:RE:RE:Vision for the future.

Typo.

On #2 and #3, I was using $20M in lumber EBITDA not $10.

Scenario 3:
Power: $14M @ 18x multiple, less $60M debt
Lumber @ $20M ~~$10M~~ @ 6x multiple, no debt
$6.78/share.

Notably, I'm not as bitter as I may sound, but I am still choked that Ken diluted the share float by nearly half as part of this brutal take-over in 2018. If he didn't do that we'd be in a better place. A cash yeild of $0.20 per share would be more like $0.35/share before the dilution. Oh well, I guess it let me average down as the market truely hated risky Conifex. De-risking it is going to make some people rich. Worth a roll of the dice I think to have that upside.

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