Canfor Pulp Products (CFX.TO) Buy, Sell or Hold

Canfor Pulp Products (CFX.TO)

0.51

-0.01 (1.92%)

as of Mar 18, 2026, 7:58:10 pm Market Open.

32 watching

HOLD

Been some questions over the summer as to any inventory build in pulp and weakness in pulp prices but appear to be hanging in. Pays a very strong yield and not impossible that they will pay a special distribution.

DON'T BUY

Pulp prices have been coming down but this was off of record prices. Pulp inventories are gradually increasing. Coming off the best times so things might slow.

HOLD

Increased distributions from $.12 monthly to $.20 and more recently $.22. Appear to be earning $.40 a month so distribution should be secure. Unit prices soft because of fear of a softening in the economy. If you feel economy is going off a cliff, don't buy. (He doesn't!) 19.1% yield

BUY

Demand for pulp has firmed up over the last few years, prices have stayed very firm and he isn't seeing any signs of weakness. Have raised distributions a number of times and he can't see them being cut in the short run. When they convert he expects a very high dividend.

DON'T BUY

Has done extremely well with the revival in pulp. Was getting a little bit pricey and has come off recently. Also slowing market has affected it. Still too expensive.

COMMENT

Pulp prices doubled and there is a question whether pulp prices can be sustained. Recently increased distributions from $.12 a month to $.20 a month. Distributions should be sustainable as long as pulp prices did not come off another 20% but doesn't think they would have raised distributions if they were going to have to cut distributions. Yield of about 16%. Not for the faint of heart.

TOP PICK

16% yield, sustainable. Raised distribution. Thinks they are throwing off $0.30-$0.40 in cash flow. Thinks Canfor is worth more than he paid for it ($12-$14). Thinks they will convert and it wont affect distribution although cyclical pulp prices could affect distribution.

TOP PICK

Biggest pulp producer in North America with the lowest cost and good balance sheet. Pulp industry has had tremendous consolidation. Lot of companies have gone out of business so there has been good supply/demand relationship. Prices have been rising steadily.

TOP PICK

Large-scale, global players in pulp. Pulp prices have really soared and as the price works its way through, you'll see a real bounce in the unit price.

HOLD

Still reasonable value but this is a cyclical industry.

COMMENT

49.8% stake in 3 pulp mills in BC. Stronger pulp prices for the last 6 to 9 months have helped them. Thinks that trend will continue. Conservative payout ratio at about 70%.

COMMENT

Chart has a double bottom formation, which is fairly significant. Increasing nicely. Just touching the 200-day moving average right now, which will be a resistance point for it. He isn’t really high on anything to do with paper, forest and pulp as they will do poorly. If it broke through its resistance level of $11, you might see another $1 this summer.

SELL

(Market Call Minute.) Wouldn't want to be exposed to the forest product industry, but for people looking for assets that have an extremely long holding period, some forest assets are not looking bad. He would look at Timberland (TBL-N) instead.

COMMENT

Very cyclical and should be in the more risky portion of a portfolio. Prices right now for NBSK are very strong. Have a unique relationship with Canfor (CFP-T) regarding fibre. If you see a decline in NBSK prices, or additional volumes coming from South America, be prepared to Sell.

COMMENT

Very well run. B.C. forests have been devastated by the Pine beetle. These trees can be used for pulp, so there is a ready supply.

Showing 46 to 60 of 64 entries

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Canfor Pulp Products (CFX.TO)