Canfor Pulp Products

CFX-T

Analysis and Opinions about CFX-T

Signal
Opinion
Expert
BUY
BUY
August 9, 2010
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.
Show full opinionHide full opinion
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
DON'T BUY
July 28, 2010
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.
Show full opinionHide full opinion
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
COMMENT
July 19, 2010
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.
Show full opinionHide full opinion
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
TOP PICK
June 11, 2010
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.
Show full opinionHide full opinion
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
TOP PICK
May 10, 2010
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.
Show full opinionHide full opinion
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
TOP PICK
April 22, 2010
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.
Show full opinionHide full opinion
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
HOLD
March 8, 2010
Still reasonable value but this is a cyclical industry.
Show full opinionHide full opinion
Still reasonable value but this is a cyclical industry.
COMMENT
COMMENT
November 20, 2009
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%.
Show full opinionHide full opinion
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
COMMENT
May 2, 2008
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.
Show full opinionHide full opinion
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
SELL
March 5, 2008
(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.
Show full opinionHide full opinion
(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
COMMENT
July 4, 2007
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.
Show full opinionHide full opinion
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
COMMENT
April 20, 2007
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.
Show full opinionHide full opinion
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.
COMMENT
COMMENT
March 20, 2007
One of the lowest-cost pulp operations. Fibre costs have been going up, but they have a fibre agreement with Canfor (CFP-T). Analysts prediction for fibre are quite good for the rest of the year. Can be volatile.
Show full opinionHide full opinion
One of the lowest-cost pulp operations. Fibre costs have been going up, but they have a fibre agreement with Canfor (CFP-T). Analysts prediction for fibre are quite good for the rest of the year. Can be volatile.
SELL
SELL
January 29, 2007
Pulp is very cyclical in nature and he is not sure that it is suitable as a trust.
Show full opinionHide full opinion
Pulp is very cyclical in nature and he is not sure that it is suitable as a trust.
DON'T BUY
DON'T BUY
September 11, 2006
Forest sector is having a tough go of it. Wouldn't be his favourite sector. Too much uncertainty. 12.3% yield which could be a red flag.
Show full opinionHide full opinion
Canfor Pulp Products (CFX-T)
September 11, 2006
Forest sector is having a tough go of it. Wouldn't be his favourite sector. Too much uncertainty. 12.3% yield which could be a red flag.
Showing 46 to 60 of 61 entries