Post by
carbide on Oct 19, 2023 12:33am
CFX financials
Has been at breakeven for years. $500m share capital, $100m accumulated deficit. It did pay special dividends in the past, about $150m in 2018 and $100m in 2015. Otherwise little return. Amazing how far it's fallen from $27 in 2018. It's a deep cyclical. Maybe now is the time for the parent to gobble it up. As someone said, it's opportunistic, and would likely be the minority's loss in the fullness of time. Hard to see when the market will turn. Currently NBSK quite soft with China malaise. The market remains oversupplied.
Comment by
OmahaValue on Oct 19, 2023 11:16am
Well said. The value destruction since 2018 is shocking. $1.7B market cap to $130M - hence the opportunity. Markets are still soft but have improved from the lows this summer (June/July) and we should be into postive EBITDA prices for CFX in Q4 (US$750 - US$800) with both Northwood and Intercon running.