RE:Hold it nowI know I shouldn't talk, I don't have a fancy graduate degree from Athabasca University like Ian Fillinger, CEO but he has agressively overbought sawmills with little regard of the downside risks, and those downside risks are not playing themselves out. This company needs to singnificantly preserve it cash to get through the coming downcycle, but Fillinger doesn't have the ability to reduce union labour, supply contracts, fixed costs, etc. in the short term. It's gonna get bloody without a new CEO.
My apoligies to any employees who will regrettfully be laid off soon.