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Re: cartonet post# 122884

Friday, 02/05/2010 8:33:44 PM

Friday, February 05, 2010 8:33:44 PM

Post# of 173862
CFX.UN.TO Canfor Pulp reported after the close, the results were in line with my expectations. Pulp price increases helped returns but some were only in effect for a month and others have been made after the end of the quarter, so much better results lie ahead. After raising monthly distributions from 1 cent to 5 cents and then to 8 cents over the last two quarters, they are now moving distributions effective for the March distribution to 12 cents a month. Based upon today's close they are now yielding 18 % annually. I was fortunate to increase my holdings over the last two days by almost 50 % (starting with yesterday's selloff), first time I have really backed up the truck on any one stock. It is by far my largest position, next stop $12 a share and then $15 a share. Hard to believe I was buying this at $2.20 a share last year.

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