RE:RE:RE:RE:First taste of Earning reportingI doubt anybody can answer that but what i do know, is that the market cap. of IFP vs
the replacement cost of it's assets does not make any sense.
As of last night, IFP had a market cap. of $1.9 b and a replacement cost of it's assets
of $405,000 per MBF.They paid $562,000 for their latest 3 acquisition.
West Fraser is doing an SIB of $1.25b US or $1.6b cdn to buy 15% of their shares.
That almost the entire value of Interfor.
Crazy,crazy valuation