RE:Takeover?It's also a bit of a short squeeze given the concentration owned by funds.
RFP is doing well with the balanced apprach to returning capital, Davies at the helm now, and the fact it's a de-leveraging play. The EV was $900M in covid give or take.... it's $1.22B now. That's funny given the shares are up some 800%... but the EV is largley unchanged.
CFP has a warchest and would do well with these assets.. That said, they're trading a 0.9x EBITDA. RFP is closer to 2.0x. It's tough when you have such obscenely trash equity you can't do share based deals. And that's Canfor's reality -- by their own design. They likely will stay with more bite sized cash take outs like Millar Western. I don't think they can afford RFP TBH.