RE:My call for Canfor Forest Products (t.CFP) still sits @ $10!As of June 30, 2023, CFP had $908 million on deposit as lumber tariffs ($7.59 per share).
CFP also had net cash of $592 million ($4.94 per share).
So you're valuing Don Kayne's managment of this $2.2 billion company at -$2.53 per share ($10.00 - $7.59 - $4.94)......sounds about right. Don Kayne is a useless POS that only serves Pattison.
Pattison shouldn't be allowed to have control over Canada's 2 largest forestry companies (CFP and WFG).