RE:Corton forecast...Indeed and much better than the average Q4 eps estimate of the 5 analysts on Yahoo Finance
The estimate is for 88 cents.If price remains as high as they are right now,they will blow away
this amounts.
With every day that passes, IFP cash balance is increasing big time giving them more latitude
to execute their plans.
I will say it again, they have grow production capacity by 53% while reducing share counts
from 70 million in 2018 to 60.8 in sept. and probably going to 54.7 with the new NCIB.
A reduction of 22%
So we the long term shareholders have much much more assets to divide between each others.The balance sheet is pristine
Many beleive in market efficency,i don't.I don't think that the share prices reflects the value of
these assets and the quality of this new management.
M.Fillinger and M. Pozzebon have been there since 2020 and they seems to be pulling all the
right lever in term of capital allocation.They seem very disciplined in terms of what they are
paying to grown Interfor.
I could not be more pleased with them.
We have had tho good year(2020 and 2021) and i think 2022 will be even better.
All indicators are pointing to very strong lumber demand in the US
Staying long as usual