Viewing Company Western Forest Products Inc. | StockChase
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Western Forest Products Inc. Stock Symbol: WEF-T

Last Price Recorded: $2.5700 on 2017-07-21

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Date Signal Expert Opinion Price
2017-02-24 BUY Andrey Omelchak

A great Canadian company that specializes in different species of wood that are unique. A well run operation that allows the company to switch production from one species to another. They do this in the interests of optimizing the profitability of the company. Located in BC which gives them access to their plantations. They’ve invested quite a bit of money in trying to optimize operations further, and those initiatives have very high paybacks attached to them. The concerns are all around the softwood lumber agreements and how negotiations will proceed. This is a big question that is still outstanding. Even so, this company is still interesting at these levels.


Price:
$2.150
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-21 TOP PICK Robert McWhirter

Technical analyst Leon Tuey likes the profile. Year-over-year sales was up 10% and year-over-year earnings was up over 62%. ROE is 16.4% on a trailing basis and free cash flow yield is 8%, compared to 1.5% last year. Dividend yield of 3.72%. (Analysts’ price target is $2.32.)


Price:
$2.200
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
No
2017-02-06 WAIT Keith Richards

The stock is kind of basing and recently has been consolidating into a bit of a weak triangle formation. This can result in a bullish formation if it breaks out. This is not negative or positive. Dividend yield of 4.15%.


Price:
$1.930
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-01-23 TOP PICK Bill Harris, CFA

A small player in the lumber sector.  He has never owned a lumber stock before.  It is a unique situation.  You want a lumber stock in your portfolio.  If they wait before cutting down trees, they are that much bigger when they finally do.  Not having a resolution to the softwood lumber agreement will be a headwind for the sector, but they will find a way around it.  (Analysts’ Target: $2.44).


Price:
$1.830
Subject:
RESOURCE
Bias:
BULLISH on GAS
Owned:
Yes
2016-11-28 HOLD Teal Linde

Trading near a 52-week low, and 3rd quarter results were one of the best in the company’s history. It has the largest exposure to Asia, and their species mix allows them great products which are desired by the Japanese in particular. Well-managed and the balance sheet is in good shape. Dividend yield of about 4%.


Price:
$1.870
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2016-11-16 COMMENT John Zechner

He is a little more concerned about forest products and lumber companies right now in the short term. One of Trump’s promises was to come down hard on trade, and one of the easiest things to come down on is the softwood lumber agreement. He is staying on the sidelines right now.


Price:
$1.820
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-24 BUY Michael Underhill

It is a regulatory risk when you look at the softwood lumber agreement. You will see more softness in these stocks.  Take a long look at prices and charts, but accumulate positions because they are not making any more trees.  


Price:
$2.010
Subject:
GLOBAL AGRICULTURE, INFRASTRUCTURE & TIMBER
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2016-08-17 COMMENT Colin Stewart

(Market Call Minute.) He likes this. A well-run company. They are producing lumber and are in the right position. It will benefit if US housing continues to improve.


Price:
$2.110
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
Yes
2016-07-14 HOLD John Stephenson

(Market Call Minute.)


Price:
$2.040
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-09 HOLD Michael Smedley

Some of the forest products have done quite well, but others are down at this time.  They are having their day now.  You have to be patient.  It is well run.


Price:
$2.270
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-06-06 COMMENT Jim Huang

One of the better managed lumber companies. The difference between this and some of the big guys is that they have markets in the Far East as well as Canada and the US. However, the slowdown in the Chinese market has hurt them a little, but they are continuing to work on improving their cost structure and getting better. One of the better names.


Price:
$2.260
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-03 COMMENT Jon Vialoux

Between November through to April, basically the run-up into the spring selling season, is when the demand for lumber is. Lumber and forestry stocks tend to go higher. They average about 60% gain between November and April. Even October tends to be a positive month. Technically it is now bumping up against resistance at about $2.35.


Price:
$2.260
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-05-06 COMMENT Peter Hodson

Produces lumber and logs. Very cheap stock and pays a nice dividend. He likes the sector, particularly in the US. Very good balance sheet with debt being about half of cash flow. Trading at 9X forward earnings. He likes this quite a lot.


Price:
$2.160
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-15 BUY Bruce Campbell (1)

(Market Call Minute.) Believes that seasonally we are coming through the summer to a couple of good quarters for lumber.


Price:
$2.150
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-02-12 COMMENT Don Vialoux

The forest products sector has very, very strong seasonality. The strength is from the middle of October through until the beginning of April. The longer-term trend is still on the upside. He is looking for it to continue to move higher. If you break the level from last fall, that is the key because you could have a spurt up to around $1.92.


Price:
$1.920
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
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