Post by
carbide on Oct 19, 2023 12:09am
Q2 call
From Q2 call:
Paul Quinn: Okay. And then just overall, I mean I take a look at the enterprise value of Canfor Pulp right now, and I’m seeing it’s around C$200 million. You guys have just kind of announced a $500 million rebuild effort. What is the market missing on the valuation of your assets on Canfor Pulp side?
Is this a diplomatic way of asking management, "are you out of your mind?"
Comment by
Apaulson on Oct 20, 2023 7:41am
He should asked: Instead of investing half a billion dollars, have you considered getting out of pulp all-together and selling your remaining pulp asset to a more compentent operator such as Mercer, Paper Excellence, Miller, etc.? And then just focusing on lumber and EWP?
Comment by
carbide on Oct 20, 2023 1:47pm
Haha. I guess Edgson may hesitate to take Quinn's next question. Given the capex programme is larger than the book value of the assets, aren't they saying the existing facilities are worthless? Btw Apaulson I sent you a DM.