Value Microcaps Food, Agriculture and Soft Commodities

[nutsaboutgolf2001]

CFX.UN.TO I added significantly to my CFX.UN.TO position today. Currently yielding 20 % and even at 22 cents a month they are paying out less than their distributable cash flow (over the last 2 quarters alone , they paid out 61 cents per share less than their adjusted distributable cash flow). I believe they will maintain the 22 cents per month and then at end of year pay a large supplementary distribution. Moreover, everyone is talking about pulp but kraft paper prices are up substantially since the end of June and this will materially boost the profitability of that division (Canfor announced a $50 increase in kraft paper prices effective July 1st).