Interfor Corp T.IFP

Summary of lumber prices - past 3 months

[StefanSalvatore]

Forgive me if the formatting is terrible but I gathered lumber prices for the months of March, April and May. Blue cells are mid week price updates and white cells are end of week price updates.

I also included averages for each month and how much prices have changed from the previous month.

Date	March 5	March 9	March 12	March 16	March 19	March 23	March 26	March 30		Average	Change M/M
WSPF	1,025	1,025	1,025	1,025	1,025	1,025	1,025	1,045		1,028	20
SYP	1,205	1,200	1,188	1,170	1,152	1,118	1,105	1,070		1,151	-125
Composite	1,035	1,040	1,044	1,045	1,043	1,036	1,032	1,026		1,038	10
Date	April 6	April 9	April 13	April 16	April 20	April 23	April 27	April 30		Average	Change M/M
WSPF	1,075	1,120	1,170	1,205	1,285	1,330	1,385	1,420		1,249	375
SYP	1,050	1,044	1,044	1,057	1,080	1,105	1,155	1,192		1,091	122
Composite	1,033	1,048	1,074	1,104	1,147	1,188	1,242	1,290		1,141	264
Date	May 4	May 7	May 11	May 14	May 18	May 21	May 25	May 28		Average	Change M/M
WSPF	1,495	1,555	1,605	1,630	1,630	1,630	1,630	1600		1,597	180
SYP	1,265	1,302	1,342	1,394	1,410	1,410	1,390	1328		1,355	136
Composite	1,359	1,414	1,459	1,495	1,508	1,514	1,515	1494		1,470	204

It is evident that the company has been making tons of money these past few months with these elevated prices. The futures market may be slowing but the cash market is doing pretty well.

[StefanSalvatore]

Oh yeah and thats USD... not CAD. 

[Rational43]

And, despite Margins being up 90% from Q1, and volume being higher, anlayst estimates for Q2 are only about 20% higher than Q1.  Then they fall off a cliff for Q3 and Q4. Anyone not following closely, which is most fund managers in Toronto and most investors in Canada, has no idea how much this is going to earn this year.   I'm willing to wait for they to find out.  

[sunshine7]

Yes, few are willing to stand up and commit to $600+ lumber for the next few years (likely $900+ for the remainder of 2021). Meanwhile, these companies are swimming in cash, buying back shares and looking to grow through acquisitions = increased profits per share. Supply capacity does not seem to be keeping up with demand.

[WindsorGuy]

All true. Lumber prices still near $1300.00. Can't wait to see the numbers for this quarter. It will be a HUGE number. New acquisitions will boost production and offset any weakness in prices. GLTA