RE:RE:Selling is IrrationalMore helpful would be valuation vs. 2022 "consenus" which we know is weirdly low. Table below; it's called "Exhibit 12: Forestry, Building Products & Packaging – EV/EBITDA Valuations, 2020 – 2023E". I don't see any P/Es used these days as its outmoded and too easy to hide a big debt load in an industry that had to go to a 12-step program to shake it's addiction to leverage.
Canfor is low -- lowest -- on thier own volution of coruse. It'll be dangeous if/should they opt to change course to be shareholder friendly. As my mgmt colleage there often tells me, "F*** shareholders". Keeping it classy, bro.
Why WEF is in limbo is largley but not alll geog. risk profile. If the market can beat the heck out of WFG so badly, despite some massive advantages over most in the sector, anything is possible for a smaller name like this. Vis a vis WEF, WFG would have (1) scale, (2) geog. hedge, (3) panel stability, (4) sleeper pulp upside, and (5) cross-listed NYSE visiblity. I have little to no respect for Demens having sat on his hands leading up to the boom as much of these five core issues are on mgmt. Cool you did little or nothing for so long, Donnie.
| Company | Ticker | 4/18/2022 | Street |
| Canfor | CFP | $24.02 | 1.3x |
| Interfor | IFP | $33.90 | 2.0x |
| WestFT | WFG | $98.79 | 2.1x |
| Western | WEF | $1.93 | 2.4x |
| Resolute | RFP | $13.07 | 2.6x |
| Conifex | CFF | $1.87 | 2.6x |
| Mercer | MERC | $15.54 | 4.0x |
| Canfor | CFX | $5.06 | 5.1x |
| Cascades | CAS | $12.66 | 5.5x |
| Hardwoods | HDI | $33.85 | 6.1x |
| Doman | DBM | $7.28 | 6.3x |
| Stella-Jones | SJ | $38.50 | 8.3x |
| Richelieu | RCH | $37.80 | 9.0x |
| KP | KPT | $10.88 | 9.2x |
| CCL | CCL.B | $56.22 | 9.5x |
| Intertape | ITP | $39.81 | 9.7x |
| Acadian | ADN | $19.33 | 17.3x |