Interfor Corp T.IFP

Target Pricing...

[sunshine7]

Anyone know what lumber price was assumed in these forecasts? Surely they did not use $1k in 2H2001. Stock prices are tracking lumber prices closely but I suspect there will be a partial recovery when it stabilizes. When and at what level is the question.

[Rational43]

RBC was using numbers around $650 for the rest of 2021, and $450 long term in the last detailed report I saw.  

[StefanSalvatore]

Hamir Patel of CIBC used US $880 average lumber for the rest of 2021, and US $603 lumber in 2022. This was for his $56 price target. (Base case) His $59 upside price target he expects lumber to average US $615 in 2022. Lastly his $29 downside scenario PT was US $450-$475 range in 2022. Lost of upside to this name, the selling can be attributed to housing starts in both US and Canada being down

[StefanSalvatore]

For those who wish to see the multiples given and the thesis explained as well. Downside Scenario $29 Our downside scenario is derived using our bear case pricing for commodity lumber prices in 2022 with W. SPF at US$450/mfbm and SYP at US$475. In this scenario, we see downside 2022E EBITDA of $378MM. Despite lumber prices here being near midcycle levels, we utlitize a lumber segment valuation

[WindsorGuy]

I'm with you keep adding on the pullback below $32.00. I expect the price to stabilize around $1200.00. Profit will exceed 1st quarter barring a further collapse in prices. Traders have been taking advantage of May 21st options Look at June and July qptions for look into the future. GLTA

[WindsorGuy]

Shorts are now covering their positions. Rebound in prices as expected. GLTA