Looking forward Q3 will not be great with July curtailments, shutdown for capital upgrade and lower pulp prices this summer, but it's unfolding nicely for Q4 with price hikes for NBSK across the map (china, america, europe) in September and again for October (~5%)
The current stock price is clueless about the business value. Maybe some traders think about newspapers when they hear pulp? And NBSK pulp is not the same use as eucalyptus or hardwood, it's hard to substitute and do without it.
This business earned an average of 1.25/share over the last 5 years, some years were good, some bad. Real money Earnings. After tax, depr, amort, interests... so it's trading like a P/E of 4x for something that's very useful and recurrent (even these days).
I've been adding more shares at this bargain price and expect to be greatly rewarded as investors return to fundamentals. My ownership is now over 1/1000 of CFX. My expectation is a 3x or 4x within couple of years. It's the only stock I am loading up, while sitting on BLX and INE.