Post by
OuijaFund on Jul 15, 2021 11:13am
Price action - buy, sell or hold?
Hi all:
I picked some shares yesterday because the PE ratio is amazing, the analyst ratings are fantastic, etc. I know the lumber commodity price will drive the share price, but I'm wondering how longer holding hands see the recent share price action, what the impact on Q3 earnings, etc. Thanks for any perspectives shared.
Comment by
OuijaFund on Jul 15, 2021 5:17pm
Eh, I bailed out, down $2K. I like how the company is managed, love the buybacks, but I'm a latecomer at $30 and can't further risk the effect of falling commodity price. GLTA
Comment by
sunshine7 on Jul 15, 2021 9:02pm
I'm hanging on after reviewing assessments from people that understand the situation better than I. Like the fellow from Korton who expects to see near $1000 lumber this fall or some targets based on $600 lumber. Who knows but IFP seems like a good bet at these levels IMO.
Comment by
sunshine7 on Jul 16, 2021 11:00pm
If forecasts for a summer lull before lumber increases again in the fall, then there will be a rebound in share price. Picking a low is always difficult but this may be it. Remember 3Q will include 25% increase in sales from the GP mills.
Comment by
OuijaFund on Jul 19, 2021 2:33pm
Yeah, I'm out, mis-handled that one.
Comment by
Eastbank on Jul 19, 2021 5:00pm
Disappointing price action again today with 7% decline following similar decline on Friday. Seems excessive compared to WFG and CFP counterparts and difficult to explain. Hoping for a rebound down the road when quarterly numbers are reported supporting FCF and share buy backs.
Comment by
JohnnyTSX on Jul 19, 2021 5:32pm
I can't explain CFP, but WFG is likely propped up by its SIB that has a high side of $96CAD. If IFP went with a SIB, it might take some of the volatility out of the share price. This company may be the cheapest company on the TSX right now.