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ICLTF - GreenFirst's Big Bet On Lumber Could Turn To Gold
Kobex Capital Corp
In April, GreenFirst announced a massive deal to acquire Rayonier's lumber assets.
At the time, lumber was $1,100 and rising, and the deal looked like a steal.
Today, lumber prices have been cut in half, and the deal looks more questionable.
Mike Mitchell, a private investor and the king of lumber fintwit, discusses the deal in depth, including why it's still a good deal at the current lumber price.