It may be $7/ share not $5 in Q1 Yesterday, when i wrote $5 in Q1 i was playing it on the safe side.
If you look at last year results,IFP shipped 666 MBF at an avg. price of $1143 Canadian.
This week, we are at $1450 US (as per Madison).
IFP will benefit from the addition of the 4 GP mills...1/2 month of Westrock and maybe a few weeks of EACOM
Do the math, all this price increase goes directly to the bottom line with 7% less shares
IFP won't even need to draw on their credit line to pay the EACOM acquisition.
If prices stay in the $900 to $1100 US, we could see them beating their Q2 2021 record on EPS.
Yesterday's volume on future were low but this morning they are much higher and are again limit up.
Investor are starting to realize what i have been saying for the past 18 months.
This week’s price is up by $338, or 30%, from one month ago when it was $1,113. When compared to the same week last year, when it was $1,105, this week’s price is up by $345, or 31%. Compared to two years’ ago when it was $280, this week’s price is up by $1,170, or 418%.” 