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alternative forestry play -YRK

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something to buy on a pullback...very overbought now but I see more upside once overbought worked off....sector in focus now as well....
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2 REPLIES 2
topgun
Super Contributor
couldn't agree more...although it is still cheap at 3500 cps given the impending rights offer of 211.34/100 at 1500 cps. Buying at the current price and following one's rights gives an ave. in-price of 2150 cps. on pro-forma figures which are probably conservative and exclude any operational benefits from the merger, HEPS of 390 cps are expected for a full year, giving a PE of 5.5x in a booming timber market. alternatively one can trade in the npl's when they list on the 6th of Aug. great opportunity for investors.
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great ....lets see what happens...amazing that the charts could be communicating all that...
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