back in money printing zone
Funny to see all this talk about inflation now you'd think with lumber prices soaring again and Interfor being THE pure play on NA lumber prices, that at some point there would be a stampede Intofor and it would get a big market premium like gold stocks do.
Perfect way to play: inflation + housing shortage / house price inflation.
Now that IFP is North-Amercan-wide they are also able to ride out disruptions to a single local. Lower risk earnings = better quality earnings = higher multiple.
If IFP earnings continue to track futures prices in Q4, my (very rough) estimate is they could earn about C$220MM net, or about C$3.5/shr diluted.