Interfor Corp T.IFP

A big US funds shareholders of IFP

[lifeisgood1010]

I just hear this US funds managers(Cole Smead) talked about Cenovus on BNN.

They have 4 billions under management in their different funds.

He said that in their Smead international value fund, IFP is their 4th biggest holding(6.73%)
and WestFraser, their 5th(6.19%).

He talked about how much accretive the NCIB and the SIB are for the lumber company.


You can also acces their web site at

https://smeadcap.com/wp-content/uploads/2022/04/1Q-2022-Smead-International-Value-Fund.pdf

The video will probably on BNN web site shortly.
 

[SleepingGiant64]

Just watchted this guy too. He was well-spoken. He made the case that lumber is a levered bet on US housing, which I totally agree with. He noted that US housing bulls haven't even thought about lumber yet and he's right. It's tough though when you have home builders trading at 4x earnings. I'd add that lumber is also a bet on dwindling supply and producer discipline. Anyway, it

[lifeisgood1010]

For those who are interested,here is the link to the Cole Smead interview. https://www.bnnbloomberg.ca/video/u-s-portfolio-manager-i-m-stunned-international-money-isn-t-buying-cheap-canadian-stocks~2430402 I agree on all of your point Giant. If IFP were to go the same way as WFG and do a15% SIB, this would take the total share counts to only 46.5 million.They were 67.3 million in

[dosperros]

Nice find.I am heartened when value funds like thishave large positions. Also Aegis has IFP, RFP, and WFG in their top 10 holdings.  WFG is new so not on this fact sheet. https://www.aegisfunds.com/assets/pdfs/aegis.factsheet.pdf