West Fraser Timber

WFT-T

TSE:WFT

56.84
1.07 (1.92%)
West Fraser Timber Co. Ltd. is a Canadian forestry company based in Quesnel, British Columbia. West Fraser Timber Co. Ltd. is a member of the Forest Products Association of Canada.
More at Wikipedia

Analysis and Opinions about WFT-T

Signal
Opinion
Expert
BUY
BUY
December 30, 2019
A great company and there has been some recent volatility from the back off on the Canfor opportunity. He likes the space here. There was a huge run-up on the US home-builders space. The fundamentals are tightening and it could be a good year for this company.
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West Fraser Timber (WFT-T)
December 30, 2019
A great company and there has been some recent volatility from the back off on the Canfor opportunity. He likes the space here. There was a huge run-up on the US home-builders space. The fundamentals are tightening and it could be a good year for this company.
TOP PICK
TOP PICK
December 24, 2019
Has broken out, showing higher highs since mid-2019. Like oil sticks, lumber is poised to rise as the economy accelerates. The sweet spot lies ahead. He likes this. Good reward/risk. (Analysts’ price target is $64.29)
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West Fraser Timber (WFT-T)
December 24, 2019
Has broken out, showing higher highs since mid-2019. Like oil sticks, lumber is poised to rise as the economy accelerates. The sweet spot lies ahead. He likes this. Good reward/risk. (Analysts’ price target is $64.29)
BUY
BUY
November 19, 2019
They had a huge run and is now on the low part of a head and shoulders. Buy it now, which is in an interesting pocket.
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West Fraser Timber (WFT-T)
November 19, 2019
They had a huge run and is now on the low part of a head and shoulders. Buy it now, which is in an interesting pocket.
BUY
BUY
November 18, 2019
2011-12, 2015-16 and late-2018 were corrections. After each one, lumber rallies. Lumber is his favourite commodity. Short-term expect weakness, will pick up later. WFT is doing this, picking up, lately, breaking its 2019 downtrend. Any lumber name is timely and good to buy now. Lumber will do well going forward.
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West Fraser Timber (WFT-T)
November 18, 2019
2011-12, 2015-16 and late-2018 were corrections. After each one, lumber rallies. Lumber is his favourite commodity. Short-term expect weakness, will pick up later. WFT is doing this, picking up, lately, breaking its 2019 downtrend. Any lumber name is timely and good to buy now. Lumber will do well going forward.
PAST TOP PICK
PAST TOP PICK
November 8, 2019
(A Top Pick Nov 05/18, Down 18%) He guessed it would go to $80 and it did for a moment. The turnaround in the housing market looked good at the time he recommended it. He did buy it and took a small loss. A good trading stock but wouldn’t be buying it right now.
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West Fraser Timber (WFT-T)
November 8, 2019
(A Top Pick Nov 05/18, Down 18%) He guessed it would go to $80 and it did for a moment. The turnaround in the housing market looked good at the time he recommended it. He did buy it and took a small loss. A good trading stock but wouldn’t be buying it right now.
SPECULATIVE BUY
SPECULATIVE BUY
September 25, 2019

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.

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West Fraser Timber (WFT-T)
September 25, 2019

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.

John Kim

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Price
$54.700
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
September 18, 2019
His first job as an analyst was in forestry products. What he learned was that this is a very cyclical business. You want to buy them when their earnings are down and the their PE looks high -- but not on a price to book level. He has not seen enough of an extreme to enter just yet. Book value is $40. He would be patient and look to buy closer to this level.
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West Fraser Timber (WFT-T)
September 18, 2019
His first job as an analyst was in forestry products. What he learned was that this is a very cyclical business. You want to buy them when their earnings are down and the their PE looks high -- but not on a price to book level. He has not seen enough of an extreme to enter just yet. Book value is $40. He would be patient and look to buy closer to this level.
WAIT
WAIT
June 18, 2019
He was recommending lumber in early 2019 as a good commodity to invest. Over the last week there is volume coming back in and if it can trade back above $65-$70 he would be back in. There is good value here, but he would wait for the breakout. Yield 1.3%
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He was recommending lumber in early 2019 as a good commodity to invest. Over the last week there is volume coming back in and if it can trade back above $65-$70 he would be back in. There is good value here, but he would wait for the breakout. Yield 1.3%
BUY
BUY
June 17, 2019
Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
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Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
COMMENT
COMMENT
April 30, 2019
Forestry is out of favour. WFT will be victim to commodity price swings. But US housing will rebound this spring and will benefit lumber stocks.
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Forestry is out of favour. WFT will be victim to commodity price swings. But US housing will rebound this spring and will benefit lumber stocks.
DON'T BUY
DON'T BUY
April 23, 2019
West Fraser vs. Canfor He owns neither, as lumber prices are weak and not rebounding in the spring when they usually do. They're trading near book value. The upcoming quarter will be weak for lumber. Be cautious here, but start doing your homework on them.
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West Fraser vs. Canfor He owns neither, as lumber prices are weak and not rebounding in the spring when they usually do. They're trading near book value. The upcoming quarter will be weak for lumber. Be cautious here, but start doing your homework on them.
BUY WEAKNESS
BUY WEAKNESS
February 21, 2019
He is very constructive on lumber and it is his favourite commodity. We saw a double bottom and a pull back. A longer term base is developing. The next 4 year cycle is developing and he sees significant upside and he buys on weakness.
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West Fraser Timber (WFT-T)
February 21, 2019
He is very constructive on lumber and it is his favourite commodity. We saw a double bottom and a pull back. A longer term base is developing. The next 4 year cycle is developing and he sees significant upside and he buys on weakness.
WAIT
WAIT
February 8, 2019
Lumber's seasonality is between early-November and early-March, before people actually buy their homes. Lumber prices are starting to rise from a serious low (and bad year), but they're starting to come back. WFT had a declining trend based on the falling lumber price, but peer Canfor is cutting output which may benefit EFT. He's concerned it touching its 200-day moving average and declining today. Support at $70, its 50-day moving average. If it holds less level, WFT could see higher highs.
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West Fraser Timber (WFT-T)
February 8, 2019
Lumber's seasonality is between early-November and early-March, before people actually buy their homes. Lumber prices are starting to rise from a serious low (and bad year), but they're starting to come back. WFT had a declining trend based on the falling lumber price, but peer Canfor is cutting output which may benefit EFT. He's concerned it touching its 200-day moving average and declining today. Support at $70, its 50-day moving average. If it holds less level, WFT could see higher highs.
WATCH
WATCH
January 24, 2019
Basing after a downtrend. If it breaks $75 it could be very bullish. It is looking constructive.
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West Fraser Timber (WFT-T)
January 24, 2019
Basing after a downtrend. If it breaks $75 it could be very bullish. It is looking constructive.
PAST TOP PICK
PAST TOP PICK
January 16, 2019
(A Top Pick Feb 20/18, Down 18%) Despite a large increase in the price of lumber and strand board, the stock fell. He sold it in July. An analyst thinks lumber stocks are showing good technical signals. If housing rebounds this stock would benefit significantly. He is not convinced yet.
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West Fraser Timber (WFT-T)
January 16, 2019
(A Top Pick Feb 20/18, Down 18%) Despite a large increase in the price of lumber and strand board, the stock fell. He sold it in July. An analyst thinks lumber stocks are showing good technical signals. If housing rebounds this stock would benefit significantly. He is not convinced yet.
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