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16 June 2021
09:30 hour

Resolute Forest Products declares $1.00 dividend

Seeking Alpha

10/06/2021 - 23:24


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  1. RFP declares special dividend (11/06/2021 - Reddit Stocks)
    https://www.netnewsledger.com/2021/06/11/resolute-forest-products-declares-special-cash-dividend/ Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today declared a special cash dividend of $1.00 per share of common stock, payable on July 7 for holders of record at the close of business on June 28. The company also announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter. I'm curious on thoughts about this. Will it cause a pump and dump? Is it intentional?   submitted by   /u/reddit_undo [link]   [comments]
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  2. Resolute Forest declares special dividend, $50M in new lumber investments (10/06/2021 - Seeking Alpha)

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  3. Resolute Forest Products only energy gainer; U.S. Silica, SM Energy among major losers (30/04/2021 - Seeking Alpha)

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  4. Mexco Energy, China Green Agriculture lead energy gainers; Resolute Forest Products, Coeur Mining among major losers (29/04/2021 - Seeking Alpha)

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  6. Unitil, Profire Energy lead energy gainers; Peabody Energy, Resolute Forest Products among major losers (28/04/2021 - Seeking Alpha)

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  7. Italy Imports of Agriculture Forest & Fishing Products (20/03/2021 - Trading Economics)
    Imports of Agriculture, Forest & Fishing Products in Italy decreased to 1130.84 EUR Million in January from 1264.82 EUR Million in December of 2020. Imports of Agriculture, Forest & Fishing Products in Italy averaged 1180.46 EUR Million from 2014 until 2021, reaching an all time high of 1409.42 EUR Million in October of 2019 and a record low of 880 EUR Million in August of 2014. This page includes a chart with historical data for Italy Imports of Agriculture, Forest & Fishing Products.
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  8. Italy Exports of Agriculture Forest & Fishing Products (17/04/2021 - Trading Economics)
    Exports of Agriculture, Forest & Fishing Products in Italy increased to 678.31 EUR Million in February from 633.03 EUR Million in January of 2021. Exports of Agriculture, Forest & Fishing Products in Italy averaged 395.03 EUR Million from 1991 until 2021, reaching an all time high of 751.75 EUR Million in March of 2017 and a record low of 139 EUR Million in January of 1991. This page includes a chart with historical data for Italy Exports of Agriculture, Forest & Fishing Products.
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  9. Resolute Forest, China Green Agriculture lead energy gainers; PHX Minerals, KLX Energy Services among major losers (16/04/2021 - Seeking Alpha)

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  10. Western Forest Products reinstates quarterly dividend (19/02/2021 - Seeking Alpha)

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  11. What causes frequent forest fires? Uttarakhand reports 45 incidents in 24 hours, seeks centre help (05/04/2021 - Financial Express)
    In addition to Uttarakhand, forest fires have also been reported from other dense forest vegetation states like Madhya Pradesh, Himachal Pradesh, Nagaland-Manipur border, Odisha among others since the beginning of this year.
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  12. Western Forest Products beats on revenue (06/05/2021 - Seeking Alpha)

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  13. Western Forest Products reports Q4 results (19/02/2021 - Seeking Alpha)

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  14. $RFP - Resolute Announces $1/share Special Dividend and $50 million in Lumber Investments (11/06/2021 - Reddit Stock Market)
      submitted by   /u/th3t1nm4n [link]   [comments]
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  15. With wood prices so high, curiosity struck me. Why is wood so expensive and where is all the money going? (03/06/2021 - Reddit Stocks)
    Wood is crazy expensive right now. and most seem to believe that the cost is driven by the demand for wood. But financial statements from 4 of the top 5 companies argues another excuse. According to Sawmill DB, the top 5 production mills in the US are: West Fraser, Canfor, Weyerhaeuser, Georgia Pacific (Not PT), and Resolute forests. Since GP is not publicly traded everything I share will not include them. One thing I noticed with all of these companies is that in the past year their stock price has sky rocketed. West Fraser: 130% Canfor 180% Weyerhaeuser 80% Resolute Forest 500% Why is their price doing this? it isn't like wsb is simping over it. Looking at all of their filings for the SEC tells you exactly why their price has jumped. it will also tell you why the price of wood has also skyrocketed. and it isnt a jump in demand that caused their price to raise or the price of wood to raise. These companies are just selling them for higher prices and pocketing the excess profit. There are 4 data points that support the artificial jump in prices. Inventories, Sales, COGS, and New Earnings. below is the data for all 4 companies. West Fraser :) Q1.2021 Q1.2020 increase of Inventories 1,137,000,000 735,000,000 21% Sales 2,343,000,000* 890,000,000 163% COGS 1,039,000,000 630,000,000 65% Selling, G and A 78,000,000 41,000,000 90% Net Earnings 665,000,000 9,000,000(no this is not a typo) 7289% *their acquisition of norbord was 707,000,000 of that unfortunately COGS for it isn't available. West Fraser has seen a jump in net earnings of over 7k percent. In one year they grew their net earnings by over 72x. COGS only increased by 65% which means the price of lumber or getting the lumber hasn't changed. This jump in COGS is likely due to Norbord. So even taking that out of the equation would mean they doubled their sales in a year. That is absolutely nuts. That is a profit margin that went from 2.4% to 66%. that is not normal, either. but we aren't done lets look at the other companies. Canfor :) Q4.2020 Q4.2019 Increase of Inventories 867,500,000 803,900,000 8% Sales 5,454,400,000 4,658,300,000 17% COGS 3,538,800,000 3,618,600,00 -2% Selling, G and A 127,900,000 124,900,000 2.4% Net Earnings 559,900,000 -269,700,000 WTF? Weyerhaeuser :) Q1.2021 Q1.2020 Increase Of Inventories 505,000,000 443,000,000 14% Sales 2,506,000,000 1,728,000,000 45% COGS 1,430,000,000 1,382,000,000 3% Selling, G and A 90,000,000 74,000,000 22% Net Earnings 681,000,000 150,000,000 354% Resolute Forest Products 3 months ending March 31st 2021 2020 Increase Of inventories 512,000,000 462,000,000 11% Sales 873,000,000 689,000,000 27% COGS 522,000,000 524,000,000 ~ Selling, G and A 46,000,000 34,000,000 35% Net Earnings 87,000,000 -1,000,000 another one turning things around Some interesting things to point out: all these companies have a significant increase in profit margin. 2 of them were able to reverse their position and get positive earnings, while the other 2 were able to increase their net earnings by significant amounts. in 3 of these cases, the increase in sale revenue was something to brag about. while the remaining company looks like they're geniuses for the growth they had. All of them did this with out having a huge jump in COGS. I include West Fraser in this because they acquired a company in Q1 of this year. for this reason I bet their COGS would like the same withholding their new acquisition. Although "Selling, G&A" is not nearly as important or necessary as the others it is still necessary to show that any increase in lumber is due to labor. I assume labor is incorporated in COGS but I want to provide this for anyone reading this and wondering if they may be putting labor into a different classification. That was my first though when I saw COGS didnt jump as high as sales. Inventories for all companies were marginally impacted. The growth they experienced I'd say is probably just volatility due to seasonal reasons. but an interesting tidbit I want to share is that all of these companies blame the increase in prices on the pandemic claiming that it had a negative impact on the supply side. but as you can tell all companies have a growth in their inventories. All but Resolute Forest value their inventories using the lower of costs. meaning that discounting the growth in inventories should be done to a minimum. They also blame an increase of demand from people working at home for the increase in business. This makes sense. But when you include the fact that the price of wood has doubled since last year it's a little bit unreasonable to say that the massive increase in revenue is due strictly to demand side. More than likely they increased wood prices is to make up for any lack in profits they would have gotten and now they don't want to lower them because they see how much more money they're making. Everything I shared with you is because a friend at work noticed this with west fraser. I wanted to confirm that this was a market wide phenomenon. I think it is safe to say that the increase in wood isnt market force related but rather artificially inflated reasons. Let me know what you think in the comments. This is my first time ever sharing research I did and If I missed a crucial step I would love the critique. If I get good at doing this I will probably submit more findings I have in the future. Thank you.   submitted by   /u/chumbawamba56 [link]   [comments]
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  16. Chennai urban forests: New Miyawaki forest set up in the city (15/02/2021 - Financial Express)
    In Chennai, a new Miyawaki forest near the Secretariat has been added by the Greater Chennai Corporation.
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  17. MPPSC State and Forest Services Examination postponed due to covid cases surge in Madhya Pradesh; check new dates (01/04/2021 - Financial Express)
    The MPPSC state and forest services examinations were earlier scheduled on April 11, 2011
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  18. Summer 2021 starts to set in: Why we are looking at possibility of increased cases of fires (02/04/2021 - Financial Express)
    As per the data of the Forest Survey of India, 54.4% of the forest area in India is prone to occasional fires in the country, while another nearly 7.5% are prone to moderately frequent fires.
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  21. International Day of Forests: Explore the best wild life sanctuaries in Maharashtra (20/03/2021 - Financial Express)
    World forest day: Maharashtra is home to 49 Wild Life sanctuaries and 6 National Parks, few of the lesser known sanctuaries and forest reserves are mentioned here.
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  29. Resolute Mining reports preliminary FY 2020 results (01/03/2021 - Seeking Alpha)

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  41. Forest Road Acquisition and The Beachbody Company announce combined Q1 results for Beachbody and Myx (19/05/2021 - Seeking Alpha)

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