Resolute Forest Products Inc. T.RFP

Upgrade question

[jcjohn36]

Saw the upgrade. Already own WFT, looking for other lumber stocks - am I to late on this one?

Cheers,
JC

[grosdavid]

Retail price of wood has double since February (look it up, it's everywhere today : 2 X 6 - 8 foot are up 110%) and companies are stocking at today's price. RBC analysts expect the price to increase as well and to stay high (Hurricanes in certain areas of the States also have an impact on the demand of lumber - it's not something you wish but if hurricanes damage houses, then they

[jcjohn36]

much appreciated.  I hung on too long after WFT peaked in 2018 when lumber crashed. Wasn't sure if I waited to long to pull the trigger this time around.  I usually hesitate with lumber prices this high - they call them cyclicals for a reason :)  thanks again, JC

[dosperros]

I think you're good. Wft is on track to at least double earnings from 2018 despite that the SP is 25% less. Something is odd and I smell an opportunity.