RE:RE:RE:Corton forecast...Yeak, limit up AGAIN today(so far).
You and i seem to be on the same page as to the valuation of IFP.
I don't think IFP gets the credit on how this company as transformed itself over
the past 2 years.And how well managed it is.
The acquisitions they made were done at very reasonable or should i say very low prices.
Much cheaper than greenfield.M.Fillinger latest one was done because they believe that the price ask in the US south east are too high.They have proved us that they won't over pay for assets
By buying in Quebec and in Ontario, they are diversifying in a region were they had no foot print and will be able to serve their customers in eastern Canada and on the US east coast more efficiently.
EACOM lumber ship 60% of their lumber to Canada so less affected by the duty.
Plus, like their other acquisitions, it will be immediately accretive to the bottom line.
In the stock market, time do wonders.Yes at time, it can be very frustrating
but if you stick with the best, you get rewarded.