RFP - Resolute Forest Products: Prepare For Massive Q3 Earnings Windfall Due To 'Lumber Bubble'

• Lumber prices have soared on production cuts at a few sawmills and increased demand from homebuilders.
• This is likely to significantly boost Resolute Forest Products' Q3 and Q4 EBITDA, giving the company cash to reduce liabilities.
• Despite recent performance, Resolute remains extremely cheap on a forward "EV/EBITDA" and book-value basis.
• The forest products market may be in a lasting shortage due to a decline/stagnation in production activity over the past decade.

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