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I mostly agree with you.
I sorta view it as a new normal.
i keep adding as well.. no t a lot of volume but steady in the right direction..many see it as a one timer.. but i dont..this is what the future looks like..the cities are emptying ..people want their own space...50% of my port. is now in this sector
Since Mr. Garneau handed over to the rails, this company has more than the wind in the sails. I see it at $ 50 within 2 years, because its products will know a strong demand.
True....but I would rather own as many shares as possible going into April 29th. And don’t forget the annual meeting in later May.
Let’s look at 1Q first and hopefully we will not go down after the results like last time
Not only is May lumber over 1100 but July is over 1000 and Sept is about 940 and on and on. Months further out are rising faster than May!
Q2 for RFP will be incredible.
Dare I say Eps of $6+ for 2021?
I bought a lot of shares this week.
Also bought more Wfstf and conifex, too.
well at least it doesnt keep me up at night..no downside risk here..i got enough risk elsewhere so this is kind of a balance..good post good lucky
It is hard to be patient with RFP. I never understand why a stock like this with the numbers behind it simply doesn't automatically trade at fair value or reasonable value.
Analysts have caught up with their Q1 estimates but are still way too low for the rest of the year. Lumber futures out into 2022 remain strong and are trending higher. Pulp increase hit a few days ago and should make for a crazy good Q2 and Q3.
EPS will push $5 this year very easily.
And what if $250mil of tariff money is given back to RFP?
And what if they promote green Toundra Greenhouse a bit?
What if they institute a regular dividend or massive special div?
What if they can drive the share count down to 50 or 60mil shares?
There are so many positives now that even $20 would be a joke of a low price.
you are right...i have patience...when i believe
Patience. The next year will make you a lot of money.
im in here but it just doesnt get the respect it deserves.. need a blowout Q
I’ve been having fun trying to learn about candlestick charts. I often read them wrong, however, there is no mistaking today’s candlestick. It is a massively bullish engulfing candlestick! Over the next several days RFP should go up BIG!
Nice comeback !!! Should be keeping going from there
Let’s hope it is now heading back up. I bought a ton more below $9. No wonder VTSI is weak!
Then it’s instantly a $30 stock.
I hope the CEO does exactly that.
I like your estimation but what if they decide to shutdown definitely the big newsprint Mill and right them off the books. Would impact a lot the earnings
The 9.40 stock price is almost criminal and it is a huge opportunity for buyers to make a ton of money.
Criminal because trailing PS is 0.3 and PB is 0.7 and Ev/ebitda is 3.8.
And the above does not factor in the upcoming Q1 which ends in 12 days.
Criminal because lumber remains strong and first half of Q2 is already locked in at breathtaking numbers.
Pulp prices were recently upped and another price increase coming on April 1st. Not little ones, + 1 or 2% but BIG increases on the order of +15%.
I project the following for full year 2021:
$3.6billion in revenue.
$4.555 in EPS.
BV of $18.
Stock price in November of $24.
Compare my earnings and revenue numbers to the 4 analysts, Several have figured out that Q1 will be excellent but their Q2/3/4 estimates are silly low.
RFP is my number 1 position and I buy more shares every day. Anything sub-$15 right now is a gift. Anything sub-$20 after Q1 is announced in early May is a gift.
Well hope it will happen today my March options are about to expire lol
At some point today or this week the March lumber futures roll off and the May futures will be the ones quoted. Will likely start in the mid-800s and then creep upward. Same as last several times.
You are right. 3 months ago I didn’t expect lumber to be establishing a base over $900 in March! I also thought pulp might strengthen but now we know for sure. That will also boost RFP tissue performance. Paper is also now stronger.
And best of all the CEO is a pulp/paper/lumber guy and a bean counter. The new CFO has a big time pedigree.
I have been adding shares steadily in the 9s. Bought today at 9.26.
Analyst ests for Q1 are about right. Beyond that they are way too low. The more I study stocks, the more I love RFP. I also bought LLNW, IFRX, RYTM. But those are more short term plays. Most of my money is in RFP and SUP. And some in VTSI. And about 8 others!
$30 is double that you projected 3 months ago. I m with you that we are looking better but to get to that $30 before year end it’s going to be challenging
Bizarre that RFP remains in the 9s.
Lumber strong.
Tissue strong.
Pulp/paper now strong.
AND ALL ARE trending UP!
I now expect this to get to $30 this year.
Amazing RFP strength/recovery after a full market correction!
RFP appears to be even stronger than I had envisioned.
It can't hurt that construction numbers soared.
Interesting read... Progress/clean-up confirmed on 10K!
They've sorted the dirt from the diamonds.
Cutting and polishing is set to begin.
Next Q's should grab interest.
The new greenhouse/products could also be interesting.
Improved U.S. relations will provide an additional profit boost.
The good stuff with RFP is all the real get stuff, lumber, pulp, tissue, paper!
Q1 numbers are going to be so good!
Whaaaaaat are u smoking lol
Within 20 minutes of a Toundra Greenhouse pot growing PR RFP will go up about $50. Buckle up.
Twister, what are some of your other stocks?
Tailwind in lumber markets!
BRENT JANG
VANCOUVER
Resolute Forest Products Inc. RFP-T +3.27%increase
chief financial officer Remi Lalonde recalls tense times for the company last spring, when the outlook seemed bleak for lumber demand.
“I think that when you look at 2020 and the pandemic-induced challenges that we had, there were some pretty scary moments, especially in March, April and May,” he said in an interview, days before he becomes Resolute’s new chief executive officer next week.
Mr. Lalonde remembers the forestry sector’s widespread fears last spring that U.S. housing starts would plummet in 2020, as they did during the 2008-09 recession.
Instead of crashing, however, lumber markets soared in the second half of 2020 amid a surprisingly brisk pace of U.S. housing starts.
Mr. Lalonde said while there is bound to be volatility in commodity prices in the cyclical forestry industry, he sees promising signs for the momentum in North America’s lumber sector to carry through 2021. “There’s going to be a tailwind in lumber markets for at least some time to come,” he said.
The lumber rally in the second half of 2020 more than offset weak demand for Resolute’s newsprint production and a lacklustre performance on the pulp and paper side.
“It turns out that with folks having to work remotely and adjust in the pandemic, it really pushed an increase in demand for housing starts,” Mr. Lalonde said. “It also drove a lot of demand into repair and remodelling activity.”
Benchmark two-by-fours made from Western spruce, pine and fir sold in mid-February for US$992 for 1,000 board feet, compared with US$402 at the same time last year, according to industry newsletter Madison’s Lumber Reporter.
“Home builders continue to see strong demand,” CIBC World Markets Inc. analyst Hamir Patel said in a research note last week.
Montreal-based Resolute’s gains on the Toronto Stock Exchange over the past 10 months reflect the company’s strength in wood products, with lumber prices hitting record highs this month.
Resolute’s share price on the TSX closed at $11.63 on Friday, down from its 52-week intraday high of $14.10 on Feb. 16, but still seven times higher than the record low of $1.63 in April, 2020.
“Folks are realizing that they’re going to be spending more time at home,” Mr. Lalonde said. “They’re building decks, they’re building fences – all to make the more time that they spend at home more comfortable.”
Mr. Lalonde, 44, will be taking over on March 1 as CEO from the retiring Yves Laflamme, a long-time Resolute executive who rose to the top job three years ago.
Mr. Lalonde joined Resolute in 2009 and has filled a wide range of roles over the years, including serving as general manager of its pulp and paper mill in Thunder Bay.
A franco-Ontarian, he graduated with an engineering degree from the University of Ottawa in 1999 and then earned his law degree from the same university in 2003.
Sylvain Girard, a former chief financial officer at SNC-Lavalin Group Inc. SNC-T -0.62%decrease
, will join Resolute to become its new CFO on March 2.
A major lingering concern for Mr. Lalonde and Mr. Girard will be the long-running trade dispute between Canada and the United States over softwood lumber.
In the latest round of the cross-border fight, the U.S. Department of Commerce began imposing duties on Canadian lumber in April, 2017. By the end of 2020, Resolute alone paid duties totalling US$243-million.
“The dispute has been very costly to the Canadian lumber sector,” Mr. Lalonde said. “Our perspective is that when we look at the past, international bodies have almost always sided with Canada throughout the dispute resolution process.”
The issue of Canadian lumber shipments into the U.S. is not a direct part of the North American free-trade agreement nor the U.S.-Mexico-Canada Agreement. But under NAFTA’s Chapter 19, Canada and the U.S. agreed to set up trade panels to settle disputes.
The USMCA, which took effect on July 1, 2020, retains that appeal process.
It remains to be seen whether the Biden administration will be motivated to resolve the softwood battle that dates back to the early 1980s. “But we think that with the new administration, there is an encouraging signal of change in tone,” Mr. Lalonde said. “We need them to embrace the rule of law and to be a fair, good-faith collaborator. Canada and the U.S. have a special relationship, and we need that to be restored.”
https://www.theglobeandmail.com/business/article-resolutes-incoming-ceo-envisages-strong-lumber-markets-through-2021/
Expecting good housing, advertising leaps. Business demand surge!
Pent-up demand to explode as consumers run wild with cheap loans, free cash and vaccine.
Raising cash, buying. Staging time now for what will hit in the 2nd half of this year.
Todays jobs miss should have been expected after last months revisions.
Todays interest rate worry is just wall street being wall street.
All a prelude, setting up for huge problems later.
The printing press is king, until it isn't.
Green, renewables; huge opportunity awaits in many sectors.
Good to see you still in RFP. You made a better buy than me today. My avg today was about 9.40. I agree with you on the $9 maybe being bottom of this dip.
Analyst have Q1 at $1.15 and full year at $2.33. The Q1 might be in the ballpark but the full year number will be a ton higher.
Within 1 to 5 trading days this will be heading back up.
Ok, add the word seemingly...Expressing their frequency/quantity!
Provided a great opportunity, as long as some interest remains.
Insiders not promoting a positive perception on a down day.
Nothing much matters if they're taking care of business.
Whatever...
Constant daily filling? What do you mean?
Volumes are low so it will be right back up
Added some at $9.19 today, should be a bargain!
Guessing the floor is about $9.00 for now anyway.
Hope insiders are about done with their constant/daily filings.
So did I
Man I am loaded !!!
Lumber just broke through $1000. Incredible.
And I just bought more RFP at 9.53. Crazy.
The company retires (cancels) most of the shares they buy back. That is why total outstanding continues to decrease.
In last 10 min of day I bought some March and July $10strike calls.
Eps should be way over $3 for 2021.
Yeah I got some $10.00 July ones. Not that good with options hope thats the right choice.
Volumes have been on the high end and as far as today just weak hands that are taking profits.
What about the Stocks that the company have been buying, hope they won’t put them back in too early.
I bought even more shares. Sub $10 is just stupid.
Look at lumber.
And read Merc report, pulp prices are rising.
Analysts just starting to get it. There numbers starting to go up.
Look at July call contracts.
RFP is going up....,alot
Would this goes down with the market or keep going looking at the future income on all sector
Potential is big but quickly pull back when market turned red
Fun times and smooth upward sailing ahead.
Lumber $990.
Pulp rising.
Tissue profitable....sorta.
Yup nice comeback
Analyst est eps will continue to rise. $20 stock within 5 months.
Lumber $950, pulp going up!
Yes it is stupid. Very low volume drop. I bought many more shares. It is a gift and will recover quickly and step up to the teens by June or July.
RFP closed the 300M right before the 4Q results. Well played market will love it.
I am serious.
Options.....On the last big RFP run I was active with options. This time I keep looking but it seems like there are not very many for sale.
One of my reasons for 2021 optimism is looks to me like they threw everything including the kitchen sink into the Q4 financials in order to enter 2021 clean and neat.
And another kicker is the new CEO and CFO. Each is big time.
Will look more at options this weekend.
Hope you are serious !!! Time to get some Options ?
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