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| Comment | 4.810 | Robert McWhirter | Sold his positions at about $4.50. Trading has just been suspended by the OSC because of a lack of transparency. Have a lot of cash on the books but also a significant amount of debt. | 2011-08-26 | |
| DON'T BUY | 5.010 | Jeff Parent B. Eng. FCSI | This is literally a minefield. On an announcement, it can go down or up 20%. There is no form of technical analysis that can be applied to it. There is a tremendous amount of volume at the bottom with some recovery. This is really a gamble. | 2011-08-22 | |
| DON'T BUY | 6.090 | Don Lato | Doesn't know this one in depth but is aware of the scandals. In this environment there are enough risks that you should stay away from the speculative stocks. | 2011-08-15 | |
| Comment | 6.090 | Bruce Campbell | Very hard to know the fundamentals. He would use an options travel on this one because it will be completely volatile. | 2011-08-15 | |
| DON'T BUY | 6.580 | Charles Lannon | This is currently just a gamble and not investing. They never had a long track record of dividends. Business model was not easy to understand. | 2011-08-11 | |
| DON'T BUY | 5.970 | James Hodgins | He was short this as the disclosure issues really bothered him, and they still do. Stay away. | 2011-08-05 | |
| Comment | 6.300 | Michael Smedley | An impossible call. You’ve had a changing of hands of the holders. Sensitivity to muddy waters. There have been lots of accidents with China stocks. Hasn’t a clue where it is going. | 2011-08-03 | |
| Comment | 6.830 | Michael Decter | Got out of this when they were misstating their acreage a decade ago. He questions if they are misstating something small, there could be other larger things as will. If you are in this, be very nimble. | 2011-08-02 | |
| DON'T BUY | 6.360 | John Zechner | Feels there is a bit of a short squeeze going on. A lot of companies that own the stock were not allowing it to be borrowed for shorting. There are 2 Boston based hedge funds that are each in for 10% of the shares. Right now it is a black hole. You just don't know. You are really throwing the dice and taking a risk. | 2011-07-25 | |
| DON'T BUY | 4.270 | Peter Imhof | Still a lot of anxiety about this company as to whether they have misstated their earnings or assets. A couple of analysts have dropped coverage on this one. Market hates uncertainty. Still have $1.2 billion in cash. Probably best to stay away from this story. | 2011-07-13 | |
| Comment | 4.280 | Ross Healy | For years, the auditors have been saying the balance sheet is fine. If there is any validity to their balanced sheet and their current cash position, the upside could be quite exciting. Will be a gamble whichever way you go. | 2011-07-12 | |
| Comment | 4.280 | Bruce Campbell | Has never held it. Problem is now that he doesn’t know day to day if they have all that timberland. Do they own it or rent it. It is like going to the casino. He would do a put and a call either side. It wont be at this price a month from now. It could go either way. | 2011-07-12 | |
| DON'T BUY | 4.750 | Hap (Robert) Sneddon FCSI | This one depends on whether you are an investor or a trader. In the short term, you can pick up a few bucks, especially now that it's below $5. He wouldn't touch this one. Doesn't think the story is over. | 2011-07-06 | |
| DON'T BUY | 2.670 | Norman Levine | The stock is a gamble for anyone trading in that at this time. There are many unknowns that will not be known for some time. | 2011-06-29 | |
| DON'T BUY | 2.600 | Richard Croft | Straddle? Oct 3 Calls last traded at $1.20 and the Puts traded at $1.35. The options on the stock tend to have very wide Bid/Ask spreads. Doesn't know if you would be able to get it on at a reasonable price. He would have reservations about doing this. | 2011-06-24 | |
| DON'T BUY | 3.340 | David Baskin | Allegations by Muddy Waters have devastated the stock. Company has not been vigorous in its defense. Wouldn’t touch this stock. | 2011-06-16 | |
| HOLD | 4.980 | John Zechner | A tough call for anybody at this point as nothing has been cleared. Doesn’t expect it’s complete fraud. Doesn’t think it is like a Ponzi scheme. Would continue to hold and wait for more data to come out. | 2011-06-13 | |
| DON'T BUY | 4.980 | Charles Lannon | Could not get comfortable with this one because of the uncertainty of contract rights. | 2011-06-13 | |
| DON'T BUY | 4.010 | Bruce Campbell | Would not touch it with a 10-foot pole. Who knows where it is going. If you have it and got it at $20 and now it is at $4 perhaps you wait it out and/or sell out on a strong day. | 2011-06-07 | |
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| Comment | 14.460 | Hap (Robert) Sneddon FCSI | Forestry just ended its period of seasonal strength. Chart shows that it held at about the $15.50 level but broke down through minorly. A light penetration is OK. If we don’t get a bounce off the $15-$15.25 level quickly, we’ll probably see it at the $10 level. | 2011-06-02 | |
| SELL | 14.460 | Peter Brieger | Fraud charges laid and trading has been suspended. 3rd unbiased parties are going to have to go over to China to make sure the company is for real. Until that happens, you are probably better off out of it. | 2011-06-02 | |
| Comment | 18.390 | Bill Carrigan | Peers in this sector got hit hard. Ran up to the 50 day, down to the 200 and crashed through the 200, almost equal distance from the peak of the 200 to the low of the 200. This was a sector correction, not a specific stock correction. Long term trend is still intact. Thinks you should be OK with this. | 2011-05-27 | |
| TOP PICK | 23.970 | David Burrows | Forestry plantations in China. There is a secular shift taking place in China from concrete structures to timber structures, partly because of costs. Chinese government is trying to reduce housing costs for low-income folks. Tremendous amount of damage to concrete structures after the last earthquake. | 2011-04-07 | |
| BUY | 17.810 | David Baskin | Big supplier of wood. Tremendous plantations of eucalyptus in China. Standing timber is one of the great inflation hedges. | 2010-05-10 | |
| Comment | 20.130 | Jeff Parent B. Eng. FCSI | Chart shows upward channel with upper resistance-lower support. If it stays within those lines you will do well. However steepness of the rally is starting to decline and expects it will consolidate around $20, which suggests some trading activity between $18.50 and $21.50 and could go on for maybe 3 or 4 months before a breakout. | 2010-04-06 | |
| DON'T BUY | 19.300 | Philip Doyle | Produces lumber for the Chinese market, which makes the stock's valuation dependent on what the world believes about China's growth. Valuation is reasonable if China continues to grow. He would prefer a more diversified way by looking at a materials-sector investment. | 2010-03-26 | |
| DON'T BUY | 20.680 | David Baskin | It’s a long story. Enormous plantations of eucalyptus in China. You are buying cash flow and the growing wood. Better managed than people feared a few years ago. | 2010-03-16 | |
| VAGUE | 19.360 | Michael Smedley | Brilliantly run company. Intelligent in this business. Feeding its product into a Chinese environment. | 2010-01-21 | |
| Comment | 19.830 | Jeff Parent B. Eng. FCSI | Great looking chart and reaching new highs. Use a finance site (Stockchart.com or Globeinvestor) and draw a 100 and 200 day moving average, which gives you a trailing stop loss. Get out a half position if it drops below the 100-day and out of the full position if it drops below the 200-day. Could see this going to $25. | 2010-01-15 | |
| PARTIAL BUY | 20.490 | Ross Healy | Good earnings, P/E and margins. FMV continues to rise. Wouldn't buy your whole position at one time. May be opportunities to get it cheaper. | 2010-01-11 | |
| DON'T BUY | 19.330 | David Driscoll | If lumber pries remain stable it can rise from its current price. Return on capital and operating margins are good. Selling lumber into this environment is tough. You will have to be patient since you are buying a company is that is close to commodity prices. | 2009-12-29 | |
| BUY | 17.520 | Stan Wong | Great name. Basically a timber/lumber company. Growth in China is phenomenal. Trading at forward earnings of 9X. Has just come down to a 50 day moving average, so it looks attractive. Last quarter made $.52 while the Street estimated $.41. | 2009-12-17 | |
| BUY | 19.560 | Robert McWhirter | (Market Call Minute.) Thinks this one will do well. 26% earnings growth. Expect you will be happy a year from now. | 2009-11-17 | |
| Comment | 11.950 | Colin Stewart | If you want exposure to the forestry sector in China, this is the go-to name. The long-term story with regards to free cash flow generation is very good if they execute on the plan. | 2009-05-12 | |
| SELL | 18.890 | Ryan Irvine | Sold his holdings about a year ago mainly because of the uncertain market. Still have decent valuations. If it went back to $12/$13 he would Buy back in. | 2008-08-20 | |
| SELL | 18.750 | Michael Sprung | (Market Call Minute.) | 2008-08-14 | |
| Comment | 14.560 | Alexander Lane, B Comm, C | Had a lot of speculative interest and got ahead of where it should be. Strong land position in China. Balance sheet is fine. Forest sector overall has been weak. Thinks Chinese and Indian markets are probably bottoming out. | 2008-07-23 | |
| SELL | 18.940 | Ryan Irvine | He sold out of this company in the $17-$18 range. A bit concerned with the debt levels. Good growth in terms of earnings. | 2008-01-16 | |
| WATCH | 13.320 | Gavin Graham | Great play on longer-term growth in consumer incomes and middle class in China. Growing trees to make furniture, wooden housing, etc. Stock has done well, and you might want to watch to see how well the Chinese government does in reining in the 11% growth. | 2007-04-23 | |
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| DON'T BUY | 6.370 | Jean-Francois Tardif | Grows trees in China. The stock has stayed cheap for years and he doesn't know what to think of it. | 2006-11-16 | |
| SELL | 5.690 | Larry Berman CFA, CMT, CTA | Tends to do well when the Cdn$ is weakening. Had a very nice pop in the last couple of months. Has a tremendous amount of resistance from all its highs and doesn’t see it going through that any time soon. If you are a trader, lighten up at this point. | 2006-11-02 | |
| WATCH | 5.900 | Ron Meisels | Had a run up to almost $7 and then had a correction with the rest of the market. It is still above its 200-Day moving average and you want to see $6/6.25 to see a continuation of the uptrend. | 2006-07-05 | |
| BUY | 6.080 | Werner Muehelemann | Trading around 10 X earnings and expect the stock price will go higher. Demand for their wood product is very high. | 2006-04-12 | |
| HOLD | 5.240 | Bill Belovay | The largest Canadian investor on the forestry side in China. They grow trees for lumber and fibre. China is very short of fibre so they are well placed. They will be doubling production in the particle board business. Has had a very strong run-up. | 2006-01-05 | |
| WEAK BUY | 2.730 | John Zechner | Commodity prices in this sector are still under pressure. Cheap. Starting to warm up to the sector. | 2005-07-04 | |
| DON'T BUY | 2.680 | Ron Meisels | Below its 200 day moving average. A weak stock that is not really looked at by institutions. | 2005-06-14 | |
| BUY | 4.180 | Ron Meisels | The stock is turning around. Had built a wonderful base to the end of '02 and then a rise up to $7. This was followed by profit taking so the stock reversed in '04. Then had an accumulation period followed by another leg. It's above its 200 day moving average. | 2005-02-01 | |
| TOP PICK | 3.380 | Werner Muehelemann | Paper and forest industry has been very difficult. Likes this one because of its exposure to China. Very cheap at 5 X earnings. The company has had the opportunity to buy more plantations allowing them to increase their production. | 2005-01-06 | |
| BUY | 3.540 | Ron Meisels | Settled down in March and did some base building. Moved above its 200 day moving average. All the indicators are positive. | 2004-12-01 | |
| TOP PICK | 3.050 | Werner Muehelemann | A cheap stock at 5 X next year's earnings. Has ahd a 20% increase in EPS over the last year. | 2004-10-25 | |
| DON'T BUY | 3.300 | David Baskin | Nothing wrong with the company but managament has done a very poor job of communications to shareholders and the investment community. | 2004-10-04 | |
| BUY | 2.870 | Werner Muehelemann | Positive on the stock. Has been volatile. A growth story. Stock is extremely cheap at 6 X forward earnings. | 2004-08-09 | |
| HOLD | 2.830 | David Baskin | Not a bad company, but they have terrible shareholder relations. Trading at about 4 X earnings. | 2004-07-29 | |
| BUY | 3.000 | David Baskin | Had recommended it when it was $5/6. Still likes the story. Cheap. | 2004-06-02 | |
| DON'T BUY | 3.050 | Mark Jackson, CFA | Has been successful in the market and controversial. Doesn't like the risk of dealing with unknowns. | 2004-05-28 | |
| DON'T BUY | 2.950 | Ron Meisels | Had a wonderful up-leg in 2003 but in early 2004, fundamental problems started to come in, so had quite a negative selloff. It's probably getting to the point where some support should come in but a lot of the excitement on the stock is now history. | 2004-05-21 | |
| DON'T BUY | 2.500 | Peter Hodson | Have to be cautious as they just diluted their shareholders by issuing 35 million shares. Talk about how much $ they'll make from harvesting trees but spent 70 million on new trees and only got 50 million in in revenues. Suspicious. | 2004-05-17 | |
| WEAK BUY | 3.750 | David Baskin | Terrible at public-relations and bad at getting their story out so the price is down. Profits are very strong. Prospects in China are very good. | 2004-04-27 | |
| PAST TOP PICK | 3.130 | David Baskin | (A past top pick Mar 1/04. Down 53%.) Right after this was chosen, they came out with a share issue which was dilutive and an analyst questioned the value of the forests. Holding waiting for quarterly results and what the new share issue will mean. | 2004-04-13 | |
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| DON'T BUY | 3.310 | Peter Hodson | Street didn't like them selling rights to management so it took a drop. Doing all kinds of games, moving things around. Raising some money so will duly shares by about 30%. | 2004-04-08 | |
| DON'T BUY | 3.200 | Bill Carrigan | Got a spike in February and from that there has been a nasty pullback. If you traded, it would just be a dead cat bounce. | 2004-04-01 | |
| HOLD | 3.300 | Ross Healy | Fair market value is around $7/8. The market has been upset with management. | 2004-03-29 | |
| DON'T BUY | 4.180 | Norman Levine | Analyst visited and found that they did not have the forest capacity they said they had. Can't count on their numbers. Management integrity is in question. | 2004-03-22 | |
| HOLD | 6.000 | Michael Sprung | Nothing wrong with the fundamentals. One analyst felt it had reached his price target, which caused the stock to drop. Other analysts feel the company is on track and doing what it said it would. | 2004-03-04 | |
| TOP PICK | 6.980 | David Baskin | As China becomes increasingly urbanized, the need for wood products grows. Inexpensive. Slight political risk. | 2004-03-01 | |
| BUY | 4.150 | Michael Smedley | Could be a good play on the increasing Chinese economy. Has tremendous assets in China. | 2003-12-18 | |
| BUY | 3.350 | Michael Smedley | Probably has further to go. | 2003-09-30 | |
| HOLD | 2.960 | Michael Smedley | A small company, but you have access to a large forestry generation company.A good hold. | 2003-08-08 | |
| BUY | 2.650 | Michael Smedley | An immense tract of forest in China. Looks like a super asset play. | 2003-07-18 | |
| STRONG BUY | 2.650 | Peter Hodson | Rise in stock is due to the company being split. This split could create a lot of value. Very cheap. | 2003-07-10 | |
| DON'T BUY | 0.900 | Mike Weir | Visibility of earnings is poor so shares are depressed. | 2002-08-26 | |
| DON'T BUY | 1.220 | Brendan Kyne | Stock has under performed and info is difficult to access. | 2001-07-04 | |
| BUY | 1.210 | David Baskin | Have had a good growth. Price could double or triple instantly. | 2001-02-27 |
