13.64%
Shares in Canfor Corporation show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the CAD 26.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Strengths
The group usually releases upbeat results with huge surprise rates.
The stock, which is currently worth 2020 to 0.61 times its sales, is clearly overvalued in comparison with peers.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
ISM® Reports Economic Improvement to Continue in 2021
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Manufacturing Growth Expected in 2021; Revenue to Increase 6.9%; Capital Expenditures to Increase 2.4%; Capacity Utilization Currently at 85.7%; Services Growth Projected in 2021; Revenue to Increase 1.6%; Capital Expenditures to Increase 12.7%: Capacity Utilization Currently at 86.6%
TEMPE, Ariz., Jan. 19, 2021 /PRNewswire/ Economic improvement in the United States will continue in 2021, say the nation s purchasing and supply management executives in the December 2020
Semiannual Economic Forecast. This expansion will continue a growth trend that began in June 2020, as indicated in the monthly ISM
®
Report On Business
®. Revenues are expected to increase in 15 of 18 manufacturing industries and 12 of 18 services-sector industries. Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and i
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ST. PAUL, Va. - Rambler Wood Products will invest $7.6 million to convert a former Bush Furniture Industries building into a state-of-the-art 300,000-square-foot manufacturing plant.
Rambler will convert white oak into barrel staves for the West Virginia Barrel Co. and other regional cooperages at the plant. The facility will also produce dimensional lumber from red oak and lower value hardwoods.
The facility will make Rambler the first business of its kind to operate entirely indoors, allowing for year-round production, the company says.
Rambler will source at least 55 percent of its timber from the state of Virginia for the new plant. It also will support regional loggers and forestland owners through the purchase of $22.3 million worth of Virginia-grown hardwoods over the next three years.
Minnesota tourism and industry survey. Probably not surprising for anyone but according to a recent Minnesota tourism and hospitality industry survey addressing late 2020 business impact, nearly two thirds of all respondents reported business to be significantly lower compared to 2019. More than three quarters of respondents noted overall negative financial health and stressed the urgent need for conditions to improve.
The survey was conducted in partnership by Explore Minnesota, Hospitality Minnesota and the Federal Reserve Bank of Minneapolis, and gained 681 responses from a cross-section of tourism and hospitality businesses across the state, including food and drink, attraction and entertainment and lodging (motels, resorts, bed and breakfast spots, campgrounds and vacation home rentals). The survey was conducted Dec. 8-15, addressing business impact between September and early December.