RE:RE:Amazing lumber pricesRSI was running pretty high for all lumber stocks last few weeks so a breather week makes sense, however there is still massive disconnect between lumber markets and equity pricing. An analyst briefly spoke of it on the Interfor earnings call yesterday.
Last time lumber prices were even close to this good, Canfor was pushing on $34/share, Interfor was $27, and WFT was nearly $98/share. The market situation today is better than it was in 2018 - as evidenced by strong futures already into 2021.
There is still much room to go here. The run up for Q3 earnings should retest those all time highs provided the US political landscape doesn't melt the market before then.
Cheers & GLTA.