RE:RBC Notes @ retiredcf - Thanks for your posts over the past year. They're much appreciated!
That's right, tax loss selling in Canada is December 28th, after which I think we get a bounce back. GLTA.
More curtailments in B.C. coming.
Greenfirst offloading mills in anticipation of satisfying anti trust concerns from a possible takeover from Interfor I believe.
Interfor's timing has been less than impeccable lately though.
Interfor's Price to Book on March 31, 2020 during the depths of covid was 0.43. At today's price, it's 0.49.
Everyone is negative on discretionary spending (housing) but as a contrarian investing, I believe in the following:
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude…and pays the greatest reward. - John Templeton
Although price to book is only one valuation metric, buying IFP and CFP at 50% of book value has paid off historically.