An exciting time in home builders. Under made homes for several years in the US. A powerful rally. Likes that WFG is now a combined entity. WEF is a small cap and is more whippy. Both are good.
Will the Buy American campaign affect WFT? He expects their coming report to be strong, given the housing boom, including renovations. WFT recently bought Norbord, which signals that they expects this housing boom to last years. All timber stocks are lumpy with returns happening in pockets (either really good returns or bad returns). So, consider lumber a trade and not a buy-and-hold. Buy America: Companies like WFT are changing geographies according to asset ownership from entirely Canada to abroad, including the U.S. Their ticker will change to WFG on the TSX. They likely have some American assets. Potential tariffs on software lumber will continue to be a risk.
Will the Buy American campaign affect WFT? He expects their coming report to be strong, given the housing boom, including renovations. WFT recently bought Norbord, which signals that they expects this housing boom to last years. All timber stocks are lumpy with returns happening in pockets (either really good returns or bad returns). So, consider lumber a trade and not a buy-and-hold. Buy America: Companies like WFT are changing geographies according to asset ownership from entirely Canada to abroad, including the U.S. Their ticker will change to WFG on the TSX. They likely have some American assets. Potential tariffs on software lumber will continue to be a risk.
Mills are closing in BC, leaving more operations in the US. Housing there is stabilizing and lumber prices have perked up. If you believe we are not headed to recession, the stock could rebound. Remember, these are cyclical stocks -- not long term holds.
Mills are closing in BC, leaving more operations in the US. Housing there is stabilizing and lumber prices have perked up. If you believe we are not headed to recession, the stock could rebound. Remember, these are cyclical stocks -- not long term holds.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
West Fraser Timber is a Canadian stock, trading under the symbol WFG-T on the Toronto Stock Exchange (WFG-CT). It is usually referred to as TSX:WFG or WFG-T
In the last year, 3 stock analysts published opinions about WFG-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for West Fraser Timber.
West Fraser Timber was recommended as a Top Pick by Michael Sprung on 2021-04-21. Read the latest stock experts ratings for West Fraser Timber.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered West Fraser Timber In the last year. It is a trending stock that is worth watching.
On 2021-05-05, West Fraser Timber (WFG-T) stock closed at a price of $103.7.
