Investors are bullish on Interfor
Feb. 11, 2014 – Since the announcement of its acquisition of two sawmills in the US South, Interfor stock has gone from high to sky-high with analysts expecting it to rise even higher. The stock hit a 20-year high on Monday after the Vancouver-based company made the announcement.
Over the past year, Interfor shares have risen nearly 90 per cent, according to the Globe and Mail, or 1,200 per cent since the depths of the last recession. The U.S. housing recovery and the falling Canadian dollar are cited as the reasons behind the bullish attitude.