Post by
Fiberman on Oct 27, 2022 10:44am
Earnings Day........
Numbers for both CFX and MERCER should be out later today with calls tomorrow morning. Both companies sell pulp. Both produce top tier NBSK. Let's review share prices from September 23rd. Mercer stock has gone from $11.94 USD to $14.77. Call it roughly up 24%. During the same time CFX has gone from $4.85 to today $4.75. The investment community clearly does not get excited about CFX. Everyone should be very concerned holding this symbol if Q3 results are not positive and if the parent lets long time investors continue to die on the vine. Market cap $300 million. Well below intrinsic value.
Comment by
kboorman on Oct 27, 2022 3:37pm
Unfortuntely my gut says that there is more pain in store. I'd love to be wrong
Comment by
kboorman on Oct 27, 2022 3:41pm
Also domtar and resolute announced that their thunder bay pulp and paper mill will be sold off
Comment by
Fiberman on Oct 27, 2022 6:37pm
CFX did well. Expectations 0.20 EPS. They hit 0.72. $87.4 million Net Income. Shares should not be trading below $5. Cheers to a solid quarter.
Comment by
Fiberman on Oct 27, 2022 6:54pm
My bad. Read too quickly. Pulp did $0.25 EPS vs $0.20 and $16 m NET. Still a good quarter considering downtime, logistics and cost.
Comment by
JayStatusUpdate on Nov 02, 2022 5:10pm
Then why did the shares tank after this announcement. Not sure what people were expecting.