When to load up?So the lumber curve is $960 trailing to $800 by November. Q1 avg was around $1250.
CIBC's forecasts for IFP have Random Lengths Composite avg price this year at $688 USD. With that, they peg IFP's EPS at almost $13 and free cash flow yield at 25%. The company still has zero debt and net cash, plus duties on hold.
There is some talk about deck demand cooling and whatnot, but whatever. Even next year they model $514 lumber and $5 EPS. That would still only a P/E of 6.6 on a net cash company. I'm convinced home building will boom for a decade at least.
Is it the time to go big or cane I wait until $25-30? I have a good-sized position already.