Ho HumYet another day when Sept. Lumber Futures are up limit. Meanwhile Canfor is being ignored by Canadian portfolio managers, a great majority of who are closet indexers, as they add to financial
services which now accounts for 30% of the TSE index.
The dramatic ramp up in lumber prices is more than a short term phenomina as demand is lightly to outpace supply for many months to come. At current lumber prices, Canfor has earning power of $4.00-$5.00 per share.