Home News Industry News Canfor Corporation (TSX: CFP): Money Really Does Grow on Trees

Canfor Corporation (TSX: CFP): Money Really Does Grow on Trees

Long-term shareholders of Canfor Corporation (TSX: CFP) are used to volatility. Since 1995, the company's stock has fallen by more than 50% six times, the most recent of which started in the summer of 2018, where shares fell from a high of $33 to just $16 today.

One of the largest softwood lumber producers in North America, Canfor is heavily exposed to domestics housing markets, particularly the U.S. considering its size. When the housing market swoons, Canfor stock swoons.

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Source: The Motley Fool

 
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