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Canfor Pulp Products Inc T.CFX

Alternate Symbol(s):  CFPUF

Canfor Pulp Products Inc. is a Canada-based global supplier of pulp and paper products with operations in the central interior of British Columbia (BC). The Company operates through two segments: pulp and paper. The pulp segment includes purchase of residual fiber, and production and sale of pulp products, including Northern Bleached Softwood Kraft (NBSK) pulp and Bleached Chemi-Thermo Mechanical Pulp (BCTMP), as well as energy revenues. The paper segment includes production and sale of paper products, including bleached, unbleached, and colored paper. Its products under the solid wood category include dimension lumber, specialty lumber, and engineered wood products. It produces green energy in its lumber and pulp facilities across North America. The Company owns and operates three mills in Prince George, BC with a total capacity of about 780,000 tons of Premium Reinforcing Northern Bleached Softwood Kraft (NBSK) Pulp and 140,000 tons of kraft paper.


TSX:CFX - Post by User

Post by Fibermanon Apr 12, 2023 3:06pm
215 Views
Post# 35391331

I hate this stock.

I hate this stock. Got out when dropped below $4. At today's pricing I trying not to look again. Still have bandaged wounds riding down from $6 to $4. CFX has been such a dog on the operation and management side. No profit since 2018. I was bullish on here all last year with NBSK pulp prices at $900 or higher. Today? Prices are dropping daily. Sub $700 China NBSK is likely upon us. Those that are in denial are not selling. What's even more scary? The whole industry is built on forward China demand. China global pulp demand likely already peaked. The industry has a major over supply problem. Not to mention costs. Perhaps no bankruptcy issue. But so many red flags. Management does not own any real volume of the shares. No dividend in site. No excitement owning pulp mills. Good luck to you still holding. Doesn't help that the analyst have been pumping it up for 5 years dragging people thru this nightmare. What do they have today? $5 bucks? Double your money. It's a buy! The fact that the market cap today is sub $200million says something. Somebody has an angle. Greed stinks. 
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