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Looking at CFP and IFP, what is your outlook re the lumber market in the next year in light of rising interest rates? Both companies' stock prices have been mirroring the price of lumber over the past few months. Both are trading at extremely low valuations, and IFP offers a dividend yield of 6.5% and has a solid cash balance of $538.6M (market cap of $1.82B). We believe that lumber prices are likely to trade sideways for the next couple of years and remain at these elevated levels, but we do not believe prices will reach the same levels that they did in early 2021..... That said, talk of recession could quickly change investor sentiment towards the sector. (5iResearch)
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