Pattison is a union buster and a slash and burn artist.
Watch what happens to Canfor in the near future.
If I worked for Canfor/Jimmy,I would be getting a bit nervous!

Capitalism at it's finest.
metalman.

Probably the only way Canfor will survive.

Yoy may very well be right Yama!

I have the luxury of working for Pattison so I figure the first thing he would like to do is try to get the wages reduced as that is one of his controllable costs.It looks like Canfor is in for a little restructuring

"Pattison is a union buster and a slash and burn artist."

I got news for ya, Canfor is in a pile of trouble. Without slash and burn as you call it from Pattison they just may be toast.

That in itself may be right realitysetsin,but it doesn't help the people that work there!
Pattison could care less about employees as he has shown numerous times!

On a different chord, JP doesn't invest in ventures of doom. Perhaps JP knows something we don't.

Again,there is some truth in what you say pisspulper,but Jimmy Pattison doesn't care about that.
He cares about money and power.
To people like him,it is everything, even though he is old and a billionare.
So how much does one man need to aquire in a lifetime before he can say he had a successful life and did what he wanted to do?
And all at the expense of who?

I cant wait for that old bastard to die and free up some money back to the province.

But perhaps it will secure some jobs until his demise. ???

One doesn't have to be a billionaire to purchase shares in Canfor. Anybody can buy them, even Canfor employees.

Jimmy Pattison would never put money into a venture unless there was something in it for him.

Canfor is in no more trouble than any other forest company in Canada. This downturn will last for another year or so and then turn around. It gives the lumber companies a good excuse to downsize and get rid of some mills and reduce inventory and production. They intended to do this anyway. Those companies that are left will be in a good position to make some big money, and you can rest assured that a leaner and meaner Canfor will be among them.

The present problem with mortgages in the US(and Canada) and the high cost of houses is because of three things. (1) Speculation. (2) Greed (3) Stupidity. Once this BS is over things will get back to some kind of normalcy. Anyone who thinks housing prices are going to stay high, especially in Prince George should get a head check.

On the money Palopu,on the money.

Andyfreeze,
I'm a small 'l' liberal. I too struggle with the Job losses that would come with a Pattison take over. However, Canfor has struggled, they are not a low cost producer, they are not lean and mean. There is fat to be cut. If cutting the fat means saving the body then it's a good move. Workers will lose their jobs, but in reality it isn't reasonable to expect to be employed for a lifetime by a mill anymore. Canfor stock is up 4.33% today...

I noticed the increase in the stock price today realitysetsin,and that is great for the shareholders!
And I agree there is always fat to be cut that could be good for the company in the long run.
I seriously doubt it will be good for employees,but hey,who knows at this stage.
The scary part is that Jimmy Pattison doesn't usually just trim...he butchers.
Just ask former Overwaitea employees who got caught up in one of Pattisons trim jobs!
Cheers!

Oh I guarantee is won't be good for employees.

But I'm not one, and I may just pickup some stock if is comes off it's current rally.

Jimmy will take Canfor private that's good for Canfor and that's good for BC.
By the way, you ask who will be last men standing in the Forest Industry?
Thy call him "Jmmy",you can take that to the Bank!!!

In order to accumulate you have to speculate. Got it?

Seems to be the logic of the uneducated that: If you win a million dollars you are a hero and a nice guy. If you earn a million dollars you are a capitalist running dog lackey exploiting the masses. Hidden jealousy and envy? I think so.

Good comment Harbinger. "That old bastard" has provided billions of dollars of wages in people's pockets over the years, but I guess because he's rich and most of those jobs pay modest wages, he is a bad bad man for running all those companies. Perhaps we should all strive for personal mediocrity and we can eventually eliminate all those rich folk who own companies and provide employment for most of us.

"That old bastard" apparently worked odd jobs to pay for his college/university education and supplemented his meager earnings by buying old cars, fixing them up and re-selling them to his fellow students for a profit.

That led to him becoming a car dealer. The rest is history.

A self-made man. Any envy is misplaced - he wasn't born with a golden spoon in his mouth.

More power to him. "Hidden jealousy and envy? I think so."

I fully agree.

careful now. The second richest dude in this province already owns another forest company out-right.

And Canfor is not like 'any other forest company in Canada'. Canfor is currently in the bottom 1/3 in most of the key indicators.

Of the Public companies, Interfor is actually posessing the best return on capital, with West Fraser Second. One can only guess where the other rich guy owned company, Tolko is as it's private and we don't get to see their books. Most assume they are in the top 1/3 though.

Of course JP puts money where it will benefit him. Is that news to anybody? Do you think he has some altruistic notion to create employment? Andyfreeze, wake up!! It very well may suck to work at canfor in the coming months, but crapping on JP because it fits your take on how an economy runs, or should run, is headshaking. Why don't you throw some of your dough at it and save the world? I'd love to see the 250 headline "Andyfreeze buys out canfor, raises wages and doubles holiday time". I'd love to see a non-"unionbuster" like yourself step up to the plate. No need to reply, I know the answer.

If I was Jimmy 2x4 I'd not only be buying up lots of Canfor right now, but also all the other forest companies (ie West Fraser ect). Use current market conditions as a buying opportunity, follwed by a cost cutting restructuring, followed by a defacto near monopoly on the lumber pricing market and thus becoming a price setter for huge future profits. Everybody but the new homeowner could come out the winner after a little short term pain.

Time Will Tell

Buy low, sell high. It ain't rocket science you guys!

hmmm..obviously you have never been on the recieving end when JP cuts dow7500.

copy/paste....

In October, Goldman Sachs issued a report forecasting an incredible 35 to 40 percent drop in California home prices in the coming few years.