RJ on Acquisition Low log costs and high lumber prices make Interfor's acquisition move very promising: Raymond James's Swetlishoff
Daryl Swetlishoff, head of research at Raymond James, talks about Interfor's acquisition of Eacom Timber for $490 million to grow the company's production footprint in eastern Canada. He says that he likes this deal sees it as a strategic move for the company's growth plan. Swetlishoff notes the flood issues and current factors impacting the lumber market in British Columbia and where he sees prices going from here.
https://www.bnnbloomberg.ca/video/low-log-costs-and-high-lumber-prices-make-interfor-s-acquisition-move-very-promising-raymond-james-s-swetlishoff~2328600