(A Top Pick Sep 07/21, Down 15%) Today it's cheap, versus long-term expectations. Trading in line with peers. Lumber companies have been trading sideways at best on fears of major slowdown in housing. They're discounting Armageddon, and he doesn't see that happening. IFP bought 16%, and they're not done.
It's new in this space. A small-cap. Well-known management team. It was a shell at first then they bought a lumber producer. They did a huge rights offering which popped the stock then it fell back down. They used the cash raised to buy a number of lumber mills cheaply. This trades at 2.2x EBITDA at $500 lumber; the price is now above $600. It's an optimization story as lumber prices, he thinks, will continue to rise.
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GreenFirst Forest Products(GFP-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for GreenFirst Forest Products is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

GreenFirst Forest Products(GFP-X) Frequently Asked Questions

What is GreenFirst Forest Products stock symbol?

GreenFirst Forest Products is a Canadian stock, trading under the symbol GFP-X on the TSX Venture Exchange (GFP-CV). It is usually referred to as TSXV:GFP or GFP-X

Is GreenFirst Forest Products a buy or a sell?

In the last year, there was no coverage of GreenFirst Forest Products published on Stockchase.

Is GreenFirst Forest Products a good investment or a top pick?

GreenFirst Forest Products was recommended as a Top Pick by on . Read the latest stock experts ratings for GreenFirst Forest Products.

Why is GreenFirst Forest Products stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is GreenFirst Forest Products worth watching?

0 stock analysts on Stockchase covered GreenFirst Forest Products In the last year. It is a trending stock that is worth watching.

What is GreenFirst Forest Products stock price?

On 2022-02-09, GreenFirst Forest Products (GFP-X) stock closed at a price of $2.13.