RE:Scotia Capital What a crock eh? His own target is an almost DOUBLE! And that's a "sector perform" ? WTF ! That's gotta be one heck of a "sector" if a double is ho-hum. Analysts are such whores. If there was a sniff of commission in the air because ifp hinted they might finance part of this with a bond issue or stock, he'd have increased his target by $1 to $44 and rated it a screaming buy. But yes, buying chaleur for that price is just stupid. But he can't say that. And I'll repeat it's more like $400 million when they add in the countervail/anti dumping liability. You know it's something they don't want to admit to when they baffle with BS rather than just state the fact. It's $82 USD that's "after tax" 55%. So that's 82 x .55= 45.1 $usd or in $cdn like ALL the other numbers in the presser, $62 $cdn @0.73. So 325 plus 62 =387. Why didn't the presser just say that? I'm rounding to 400. I'm including severance costs because "Synergies" mean firings, especially at mgmt levels where severance cheques come first, plus "legal" etc oh, if only they spent that same $400 million on another SIB! Or $200. Or $100.
oh well, it is what it is, as the kids say. I'll round down to $40 and I'll be happy with that.
retiredcf wrote: Elsewhere, Scotia Capital’s Benoit Laprade trimmed his Interfor target by $1 to $42, keeping a “sector outperform” rating, in response to its $325-million acquisition of Chaleur Forest Products.