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RFP - Resolute Forest Products: Cheap Stock Bad Business
Resolute Forest Products Inc.
Resolute Forest Products (RFP) is trading at price levels that are about as close to “free” as you can get. The current P/E is 3, forward P/E is 4.5, and the EV/EBITDA ratio is only 1.7. Despite being dirt cheap RFP doesn’t look like a good fit for long term-investors (being this cheap it may bounce back a bit and could be attractive to short-term traders).
Commodity Business
The biggest negative is that RFP is mainly a producer of commodity products. From their 10-K: