Jim Cramer - Mad Money Weyerhaeuser Co WY-N DON'T BUY Feb 01, 2021

WY-N vs. IFP-T. WY-N often looks the most expensive at the bottom of the cycle. It does not have great momentum. It beat on the recent quarter. Its balance sheet is okay. He would prefer this to, for example, IFP-T. He would not buy either until earnings come in.

Lumber is a boom and bust industry and lumber prices and stocks are slumping. WY is cleaning up its balance sheet and growing its 2.9% dividend. They also have issued special dividends. They have a long-term plan, so you're good to ride out near-term choppiness holding this. But don't buy before they report on July 25, because numbers may not be good. Wait till after, though that can be risky too. A tailwind would be lower interest rates, because they would stimulate home-buying and home-building, which needs lumber.

Is down only 2% in the last 3 days when the markets have tanked much worse. The Fed will cut interest rates, which benefits WY. Adjusted EBITDA rose 16% in Q2 over previous quarter.

It's rallied 10% int he past month. The biggest owner of timber; the housing sector will rally when interest rates start to fall.