Greenfirst Forest Products Inc T.GFP

Bottom this should have never passed 1.35

[StockGuru454]

For anybody new it's quite simple in the lumber industry. You take the TTM which is .27.. times that by 5 and you get the rock bottom the company should have reached.

There's a reason inside buying was happening the last couple months at between .74  .77 pre earnings and such a large number of insider held shares. Essentially people whole actually work for the company know how to value lumber industry standards/ valuations and they Essentially see an oversold company that by industry standards should have never passed 1 35.

How we got here who knows, but stop panicking it's a stable company with 3x it's MC in assets and they're setting production records. One swift turn of lumber prices and you're in the green.

[Apaulson]

Except GFP will burn through all of its cash and have to start liquidating their mills before a recovery happens....but yea maybe someone will come along dumb enough to pay 3x its relative market cap for those mills as you say.

[Apaulson]

Ian Fillinger, of Interfor, already fell for that....I don't think someone else is going to be that stupid.

[Apaulson]

Time is running out for GFP Strangely GFP didn’t post it’s 1Q-2024 financial statements on its website, but if you go to Sedar you can access them. In the 1Q-2024, GFP’s cash flow from operations was minus ($24,900,000). They had to borrow against their credit facilities to cover this loss. Q2 is shaping up to be a much worse quarter than Q1. Using the Madison Lumber Reporter’s Western SPF