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| Comment | 3.200 | Michael Smedley | Madly (or insanely) interesting. Specializing in dissolving pulp. Thinks it's worth a lot of money in losses carried forward. | 2011-10-31 | |
| BUY on WEAKNESS | 1.450 | Jeff Parent B. Eng. FCSI | Downward trend is reversing. Some encouraging signs including a pickup in volume as well as breaking into new territory. Potentially $1.80 if it continues this way. A concern would be lack of volume until recently so could be difficult to trade. Probably get it at $1.40. If it breaks down below $1.30, you have to exit as it will then stay in the $1-$1.20 range. | 2010-03-12 | |
| DON'T BUY | 1.090 | Ben Stadelmann | It is a contrarian play. He would have thought there would be a turnaround by now in pulp and paper. The conversion of media and the move over to digital side seems to be a trend that has a long way to go. He looks for a company that has a temporary problem and can get back to where it was, but he is dubious about this one. | 2010-03-03 | |
| DON'T BUY | 0.940 | Hap (Robert) Sneddon FCSI | This is an area that would not be recession proof. With slowing construction, there will probably not be any upward move in the stock. If it broke through the $.40 level, it could mean a bankruptcy will occur. | 2009-02-17 | |
| SELL | 0.455 | David Baskin | Not always on the forest product sector. Can't decide which is worse, the timber or the pulp and paper. They are both suffering very severe market conditions. | 2007-11-29 | |
| DON'T BUY | 0.450 | Ron Meisels | $10 - $11 back in 2004 and since then it has been a sad story. He doesn't see an end to this selloff yet. | 2007-11-23 | |
| Comment | 0.700 | Benj Gallander | This sector has been absolutely crushed. Huge debt load. Cdn$ isn’t helping. Would consider taking a tax loss. He is holding on to his Abitibi (A-T) although it may be a foolish move. | 2007-09-21 | |
| DON'T BUY | 1.280 | Ian Nakamoto | This is not one for the faint hearted. If you have high appetite for risk, you could take a chance. For longer-term holders, this is no one he would suggest. Earnings are down. | 2007-05-14 | |
| SELL | 1.820 | David Baskin | There are serious doubts about the survival of this company. Hard to see where demand for their product is going to come from. | 2007-04-09 | |
| DON'T BUY | 2.900 | Norman Levine | Has a lot of debt. To trade like its peers, it will have to pay down a lot of debt. Would prefer something like International Forest Products (IFP.A-T). | 2007-02-12 | |
| DON'T BUY | 1.430 | Gordon Higgins, CA, MBA | Has been a perennial money loser. Continue to lose money even with the softwood lumber rebate. | 2006-11-28 | |
| PAST TOP SHORT | 1.350 | David Taylor, MBA, CFA | (A Top Pick Dec 20/05. Down 5%.) Actually went down to $1 at one point. Feels the company will file for bankruptcy. Is still short. | 2006-06-14 | |
| DON'T BUY | 1.710 | Bill Harris, CFA | Has some very attractive US bonds that have a high yield. He likes the bonds that the than the stock. It's tough to see how they are going to turn the company around. The bonds will help. | 2006-03-24 | |
| DON'T BUY | 1.130 | David Baskin | Stock has decrease to $1.00 and could decrease further. Would not buy. | 2006-02-28 | |
| DON'T BUY | 0.990 | David Baskin | It’s hanging on which is about the best you can say for it. The sector is in trouble. We are in a transition that is moving away from newsprint to electronic media. | 2006-01-19 | |
| TOP SHORT | 1.320 | David Taylor, MBA, CFA | This company has run out of time. Their interest coverage is 20%. They can only pay 20% of the interest and that's before capital expenditures and also before principal payments. | 2005-12-20 | |
| SELL | 1.590 | John Zechner | The biggest problem has been the strong Cnd$. There is no commodity price support. | 2005-12-12 | |
| DON'T BUY | 1.740 | Norman Levine | A possible candidate for bankruptcy at some point. Has a high level of debt. Made a lot of acquisitions. The price for most of its commodities is down and their costs are up. | 2005-12-05 | |
| DON'T BUY | 2.270 | Peter Gibson | Has a difficult time being optomistic about this whole sector. Paper and forest stocks look very weak. | 2005-09-20 | |
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| DON'T BUY | 3.680 | Pierre Bernard | A risky situation based on the strong Cdn$ and duties on lumber. | 2005-07-14 | |
| WEAK BUY | 3.850 | Ron Meisels | Has gone through a negative pattern and the stock is very much below the 200 day moving average. Paper stocks usually participate in the late, late, late stages of the bull market. If it rises, don't expect much more than $6 on this stock. | 2005-07-07 | |
| HOLD | 3.500 | Pierre Bernard | The forest products is one sector that has not done well in the strong markets in the last few years. Very cheap, but there are reasons for that. All kinds of problems. Very risky. | 2005-05-31 | |
| DON'T BUY | 3.470 | Gavin Graham | A very well run pulp and paper company, but are in the one area that has not benefited from stronger commodity prices. Has not been able to make any money. | 2005-05-16 | |
| DON'T BUY | 4.170 | David Taylor, MBA, CFA | Avoids this stock. Their balance sheet is always over leveraged. Exposure to a rising Cdn$ is quite high. In serious trouble and wouldn't be surprised if they do a dilutive equity deal. | 2005-04-25 | |
| DON'T BUY | 6.880 | Norman Levine | Prefers forest products out of British Columbia and the lumber side of it rather than Eastern Canada which has higher operating costs. | 2005-02-23 | |
| DON'T BUY | 6.820 | David Taylor, MBA, CFA | Has made a career in not buying paper/forest stocks in Eastern Canada. Cdn$ is just killing them. Relatively weak balance sheet. | 2005-02-02 | |
| DON'T BUY | 7.100 | Norman Levine | Not jumping up and down about the forest product sector. Thinks that the outlook for "wood products" is the best in the whole sector and that the B.C. producers do a better job, so prefers International Forest. | 2005-01-05 | |
| HOLD | 7.720 | Werner Muehelemann | Pulp prices have been coming down and he is not bullish on pulp. The lumber side seems to be doing pretty well and the lumber dispute could be over in a few months. | 2004-10-25 | |
| BUY | 8.150 | Pierre Bernard | With the focus on natural resources, it seems that other sectors are being ignored. Well managed. | 2004-09-21 | |
| DON'T BUY | 9.480 | Fred Pynn | The company has aggresively grown. Not a good balance sheet. Suggest to look at more focused companies. | 2004-08-31 | |
| PAST TOP PICK | 10.590 | Robert Lyon | (Past top pick May 5/04. Up 40%.) Have sold some of their holdings. Getting a little expensive. | 2004-08-05 | |
| BUY | 10.450 | David Baskin | Lumber prices are high right now. Receipts should be very strong this quarter. A little concerned that rising interest rates will cool off the building boom. | 2004-05-14 | |
| DON'T BUY | 10.120 | Peter Brieger | Prefers Canfor. Losing money this year, barely making money next year. | 2004-03-16 | |
| TOP PICK | 10.600 | Craig Porter | Probably the most levered company to pulp in Canada. Pulp has finally bottomed and is just starting to turn around. As solid company. | 2004-03-11 | |
| SELL | 9.090 | Mark Jackson, CFA | Biggest concern is that pricing is not keeping up with the Cdn$. Would sell at this point and go back in around the $7 range. | 2003-12-09 | |
| PAST TOP PICK | 7.610 | Robert Lyon | (A top pick May 5/03. Up 4.5%.) Has been a bit of a dog. The paper and forest sector has not done well. High Canadian dollar has also hurt. | 2003-11-10 | |
| DON'T BUY | 7.850 | David Taylor, MBA, CFA | A beaten up company.The balance sheet is weak.Need a lower Canadian dollar.Doesn't generate much free cash flow. | 2003-08-05 | |
| WAIT | 7.090 | Bruce Campbell | Sector is down near its bottom. If economy picks up and prices move up, it will take a good bounce. A little early right now. | 2003-06-18 | |
| DON'T BUY | 6.840 | David Taylor, MBA, CFA | Too much debt leveraged to a cyclical pulp industry. The higher Canadian dollar hurts. | 2003-05-27 | |
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| DON'T BUY | 6.340 | John Zechner | Watching the forest product sector. Pulp looks like a problem still. Newsprint prices are still low. Strong Canadian dollar doesn't help. | 2003-05-16 | |
| WEAK BUY | 7.390 | Lou Schizas | $7.40 is a historically low. Pulp pricing has been weak. Second quarter had a larger loss than a year ago. Trading volume has been dropping. Very speculative. | 2003-05-12 | |
| TOP PICK | 7.410 | Robert Lyon | Very cheap. Lumber/pulp prices are low and the Canadian dollar is high, but it has weathered these problems, so when higher lumber prices come into effect, there will be a lot of cash flow. Have to be patient. | 2003-05-05 | |
| DON'T BUY | 14.400 | David Burrows | Prefers Abitibi. | 2002-06-28 | |
| BUY | 10.150 | Pierre Bernard | Good company and mngmnt. A cyclical stock, but down now so a good time to buy. | 2001-10-23 | |
| BUY | 9.950 | Malvin Spooner | Sector is at a low period and demand is down. Contrarian view would be to buy. | 2001-10-11 | |
| BUY | 12.000 | Mike Weir | Cyclical. Well diversified. Good mngmnt. A change in the economy will make a difference. | 2001-08-15 | |
| WAIT | 14.000 | Jack Cook | Great operators. Will make money where others can't. Pulp is in a bad state right now. | 2001-04-17 | |
| BUY | 13.950 | Malvin Spooner | Buy when things look terrible | 2000-12-29 |
