West Fraser Timber (WFT-T) Stock Predictions - Stockchase
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West Fraser Timber (WFT-T)

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west coast forestry

West Fraser Timber

WFT-T

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West Fraser Timber (WFT-T) SAVE Apr, 25, 2019, 2:55 am

63.94 0.68 (1.05%)

About West Fraser Timber (WFT-T)

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

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DON'T BUY
West Fraser Timber(WFT-T) 

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.
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$64.620
Owned Owned
No

BUY on WEAKNESS
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.
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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.
west coast forestry
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$67.540
Owned Owned
Unknown

WAIT
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.
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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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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$75.940
Owned Owned
Unknown

WATCH
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.
west coast forestry
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Basing after a downtrend. If it breaks $75 it could be very bullish. It is looking constructive.
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$71.230
Owned Owned
Unknown

PAST TOP PICK
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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(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.
west coast forestry
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Robert McWhirte

President, Selective Asset Mana...

Price Price
$70.000
Owned Owned
No

DON'T BUY
West Fraser Timber(WFT-T) 

December 31, 2018

WFT-T vs. IFP-T. He is still cautious on lumber stocks. We have seen the peak in US housing. Canadian lumber stocks do better with the Canadian dollar down. IFP-T is a better play because at least 50% of the lumber is out of the US. There is probably going to be a bit of a cloud over the sector for some time.
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WFT-T vs. IFP-T. He is still cautious on lumber stocks. We have seen the peak in US housing. Canadian lumber stocks do better with the Canadian dollar down. IFP-T is a better play because at least 50% of the lumber is out of the US. There is probably going to be a bit of a cloud over the sector for some time.
west coast forestry
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$67.440
Owned Owned
Unknown

SELL
West Fraser Timber(WFT-T) 

December 20, 2018

Timber has been a very volatile sector this year. A highly cyclicaly business. Avoid this sector, even though it's been oversold. Sell when this rallies.
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Timber has been a very volatile sector this year. A highly cyclicaly business. Avoid this sector, even though it's been oversold. Sell when this rallies.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$64.560
Owned Owned
No

PAST TOP PICK
West Fraser Timber(WFT-T) 

November 21, 2018

(A Top Pick Sep 07/17, Up 15%) This is all related to US housing. 40 – 45% of wood demand goes into repairs and renovations. Their product also goes to China and Japan. About 2/3’s of their operations come from the US. They have a good balance sheet. He expects to see US housing industry pick up in the spring.
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(A Top Pick Sep 07/17, Up 15%) This is all related to US housing. 40 – 45% of wood demand goes into repairs and renovations. Their product also goes to China and Japan. About 2/3’s of their operations come from the US. They have a good balance sheet. He expects to see US housing industry pick up in the spring.
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$70.670
Owned Owned
Yes

TOP PICK
West Fraser Timber(WFT-T) 

November 5, 2018

He looks for trend reversals. He thinks this one might pull back a dollar of two from here before buying. He is looking to buy at $70 or below. There is a potential for $80 next January or February and he has an exit point of $67. It found good volume at its bottom. (Analysts’ price target is $84.50)

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He looks for trend reversals. He thinks this one might pull back a dollar of two from here before buying. He is looking to buy at $70 or below. There is a potential for $80 next January or February and he has an exit point of $67. It found good volume at its bottom. (Analysts’ price target is $84.50)

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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$71.130
Owned Owned
No

WAIT
West Fraser Timber(WFT-T) 

November 1, 2018

Over the last little while lumber stocks have begun to deteriorate. He removed it from his watch list earlier. It is trying to put in a short term low and then he sees a short term bounce. There will be heavy choppiness over the next little while.
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Over the last little while lumber stocks have begun to deteriorate. He removed it from his watch list earlier. It is trying to put in a short term low and then he sees a short term bounce. There will be heavy choppiness over the next little while.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$68.990
Owned Owned
Unknown

WATCH
West Fraser Timber(WFT-T) 

October 12, 2018

Lumber stocks and home builders in the US have a stock chart like this one – plunging down to the right.  At these levels, the valuations are suggesting a depression is coming – he does not believe in this.  His downside target is $66, so based on his model, it is a buy if the market can find a bottom soon.  

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Lumber stocks and home builders in the US have a stock chart like this one – plunging down to the right.  At these levels, the valuations are suggesting a depression is coming – he does not believe in this.  His downside target is $66, so based on his model, it is a buy if the market can find a bottom soon.  

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$64.500
Owned Owned
No

DON'T BUY
West Fraser Timber(WFT-T) 

September 14, 2018

It peaked in early June and fell to $80, breaking a strong 19-month trend. The early-August low fell along with commodoties as a whole. It'll likely continue to fall.

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It peaked in early June and fell to $80, breaking a strong 19-month trend. The early-August low fell along with commodoties as a whole. It'll likely continue to fall.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$85.240
Owned Owned
Unknown

BUY
West Fraser Timber(WFT-T) 

September 5, 2018

Forest stocks have come off due to U.S. trade issues under Trump, which has added US$7,000 to the cost of a US house. This is a good time to buy this.

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Forest stocks have come off due to U.S. trade issues under Trump, which has added US$7,000 to the cost of a US house. This is a good time to buy this.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$87.600
Owned Owned
Unknown

DON'T BUY
West Fraser Timber(WFT-T) 

August 22, 2018

With all the lumber tariffs, he wouldn't get into this space. However, there's been a lot of home building that lumber companies have enjoyed. Current valuations are high. If there was a market setback, this space would be vulnerable. The BC fires have spiked the stock price, but the fires can eat into the supply areas.

west coast forestry
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With all the lumber tariffs, he wouldn't get into this space. However, there's been a lot of home building that lumber companies have enjoyed. Current valuations are high. If there was a market setback, this space would be vulnerable. The BC fires have spiked the stock price, but the fires can eat into the supply areas.

west coast forestry
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$89.970
Owned Owned
No

HOLD
West Fraser Timber(WFT-T) 

August 3, 2018

Earnings recently were very positive.  Unfortunately lumber prices have recently collapsed.  It is a cyclical company, but is a very good one.  With the strength of the US and Canadian economies, he thinks this is one of the best in the sector, and would continue to hold it for the next year. 

west coast forestry
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Earnings recently were very positive.  Unfortunately lumber prices have recently collapsed.  It is a cyclical company, but is a very good one.  With the strength of the US and Canadian economies, he thinks this is one of the best in the sector, and would continue to hold it for the next year. 

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$81.640
Owned Owned
No

DON'T BUY

It's not the kind of company he invests in. It's a great Canadian resource play and has done well, but the issues are Trump's tariffs on Canadian lumber and disappointing U.S. housing starts.

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It's not the kind of company he invests in. It's a great Canadian resource play and has done well, but the issues are Trump's tariffs on Canadian lumber and disappointing U.S. housing starts.

west coast forestry
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$82.880
Owned Owned
No

BUY

It's testing support levels where it's been before and volumes are lifting--both positives. The low-80s is support. The consolidation is healthy.

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It's testing support levels where it's been before and volumes are lifting--both positives. The low-80s is support. The consolidation is healthy.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$85.000
Owned Owned
Yes

COMMENT

Merger with Canfor? Cheap, well-run, but there’s softwood lumber deal risk. Market has already reacted to the softwood deal. They’ve heard M&A speculation, but unlikely with Canfor. Not a lot of M&A in public companies, instead, companies just buy smaller US mills. Outlook very strong, and upcoming earnings should be good, especially given strong lumber prices.

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Merger with Canfor? Cheap, well-run, but there’s softwood lumber deal risk. Market has already reacted to the softwood deal. They’ve heard M&A speculation, but unlikely with Canfor. Not a lot of M&A in public companies, instead, companies just buy smaller US mills. Outlook very strong, and upcoming earnings should be good, especially given strong lumber prices.

west coast forestry
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$85.170
Owned Owned
Unknown

HOLD
West Fraser Timber(WFT-T) 

April 19, 2018

There are restrictions on Canadian exports of lumber.  Lumber futures just hit a record high.  Party of it has to do with demand.  Never short anything just as it is going up even if the valuation makes no sense.  Wait for it to peak and is in the down trend.

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There are restrictions on Canadian exports of lumber.  Lumber futures just hit a record high.  Party of it has to do with demand.  Never short anything just as it is going up even if the valuation makes no sense.  Wait for it to peak and is in the down trend.

west coast forestry
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Norman Levine

Managing D, Portfolio Management...

Price Price
$92.190
Owned Owned
Unknown

TOP PICK
West Fraser Timber(WFT-T) 

February 20, 2018

Large company, 6 billion dollar market cap. Year over year earnings are up 100% and next year earnings estimates have been revised upwards in the last 90 days. (Analysts’ price target is 87.86$)

west coast forestry
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Large company, 6 billion dollar market cap. Year over year earnings are up 100% and next year earnings estimates have been revised upwards in the last 90 days. (Analysts’ price target is 87.86$)

west coast forestry
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Robert McWhirte

President, Selective Asset Mana...

Price Price
$86.800
Owned Owned
Yes

COMMENT
West Fraser Timber(WFT-T) 

December 22, 2017

This has very strong seasonality. Historically it has done very well from approximately October right through until approximately February of each year. That doesn't work all the time. In 2016, we started to get into squabbles with the US on tariffs, etc. His chart shows it is working again this year. On a seasonal basis, it’s time to be an owner right through until the end of February. Technically it’s in a trading range right now. A move above its resistance at around $80 would be a very positive indication that seasonality will continue right through until about the end of February.

west coast forestry
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This has very strong seasonality. Historically it has done very well from approximately October right through until approximately February of each year. That doesn't work all the time. In 2016, we started to get into squabbles with the US on tariffs, etc. His chart shows it is working again this year. On a seasonal basis, it’s time to be an owner right through until the end of February. Technically it’s in a trading range right now. A move above its resistance at around $80 would be a very positive indication that seasonality will continue right through until about the end of February.

west coast forestry
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$77.490
Owned Owned
Unknown

WATCH
West Fraser Timber(WFT-T) 

November 30, 2017

(Market Call Minute) Be careful.  It trades at 2.5 times book.  You should buy it when there is blood in the streets.  They are 50% above the 20 year average.

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(Market Call Minute) Be careful.  It trades at 2.5 times book.  You should buy it when there is blood in the streets.  They are 50% above the 20 year average.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$81.540
Owned Owned
Unknown

BUY
West Fraser Timber(WFT-T) 

October 18, 2017

(Market Call Minute.) He really likes the home building industry in the US, and the materials that go into home building.

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(Market Call Minute.) He really likes the home building industry in the US, and the materials that go into home building.

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David Burrows

President , Barometer Capital Ma...

Price Price
$75.010
Owned Owned
No

WATCH
West Fraser Timber(WFT-T) 

October 16, 2017

It is experiencing a cup and handle, or a rounded bottom.  It is a smooth transition from a downward transition to an uptrend.  The most important part is that it was a rounded approach.  There is resistance at this point.  If it gets thought it, it looks pretty good.

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It is experiencing a cup and handle, or a rounded bottom.  It is a smooth transition from a downward transition to an uptrend.  The most important part is that it was a rounded approach.  There is resistance at this point.  If it gets thought it, it looks pretty good.

west coast forestry
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$74.560
Owned Owned
Unknown

TOP PICK
West Fraser Timber(WFT-T) 

September 7, 2017

It is the biggest in Canada and the second biggest in the US after Weyerhaeuser (WY-N).  Over the years they now have over 43% of their productive assets in the US.  They have a 6.7 price to cash flow ratio and a great balance sheet.  As the forth largest city in the US gets rebuilt they will be needed.  (Analysts’ target: $70.50).

west coast forestry
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It is the biggest in Canada and the second biggest in the US after Weyerhaeuser (WY-N).  Over the years they now have over 43% of their productive assets in the US.  They have a 6.7 price to cash flow ratio and a great balance sheet.  As the forth largest city in the US gets rebuilt they will be needed.  (Analysts’ target: $70.50).

west coast forestry
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$62.910
Owned Owned
Yes

COMMENT
West Fraser Timber(WFT-T) 

February 28, 2017

Lumber stocks have had a good run. SPF prices have gone to $375, which is absolutely insane. Most analysts are factoring in $300 lumber prices, so a $375 lumber price means there is going to be a lot of upward revision which would potentially be positive for this company. He has avoided the space because of the uncertainty around the softwood lumber agreement. It is hard to get a handle on how that is going to shake out, especially with the Trump administration. There is also the potential of some negative backlash from the border adjustment tax. Until there is clarity, this is a space he wants to avoid for the time being. This is a very good company. The largest lumber producer in North America and have very good assets. However, their assets are primarily located in Canada. You could consider Interfor (IFP-T) whose majority of sawmills are in the US and they sell domestically. It could also be a take-out candidate given its size and its ideal positioning in the US south east.

west coast forestry
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Lumber stocks have had a good run. SPF prices have gone to $375, which is absolutely insane. Most analysts are factoring in $300 lumber prices, so a $375 lumber price means there is going to be a lot of upward revision which would potentially be positive for this company. He has avoided the space because of the uncertainty around the softwood lumber agreement. It is hard to get a handle on how that is going to shake out, especially with the Trump administration. There is also the potential of some negative backlash from the border adjustment tax. Until there is clarity, this is a space he wants to avoid for the time being. This is a very good company. The largest lumber producer in North America and have very good assets. However, their assets are primarily located in Canada. You could consider Interfor (IFP-T) whose majority of sawmills are in the US and they sell domestically. It could also be a take-out candidate given its size and its ideal positioning in the US south east.

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Veeral Khatri

Partner an, JC Clark...

Price Price
$55.130
Owned Owned
No

COMMENT
West Fraser Timber(WFT-T) 

December 23, 2016

Still a little concerned on software lumber. When Donald Trump takes office, he thinks he is looking to negate a couple of trade deals, and this is probably the easiest one to step on.

west coast forestry
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Still a little concerned on software lumber. When Donald Trump takes office, he thinks he is looking to negate a couple of trade deals, and this is probably the easiest one to step on.

west coast forestry
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$48.470
Owned Owned
No

COMMENT
West Fraser Timber(WFT-T) 

October 14, 2016

This has exceptional seasonality in a different way, both on the upside from the middle of October until April, and the downside from April until October. This year has been a little different because of what is happening with the softwood lumber agreement. The agreement is up in the air and we don’t know what is going to happen. He would want to see the results of the agreement before making any recommendation.

west coast forestry
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This has exceptional seasonality in a different way, both on the upside from the middle of October until April, and the downside from April until October. This year has been a little different because of what is happening with the softwood lumber agreement. The agreement is up in the air and we don’t know what is going to happen. He would want to see the results of the agreement before making any recommendation.

west coast forestry
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$39.210
Owned Owned
Unknown

COMMENT
West Fraser Timber(WFT-T) 

September 27, 2016

Had owned this as a play on US housing, until he discovered just how much of the US housing is not wood, but concrete. A high-quality company, so if you are going to make that bet, it is probably the best pick. There is an ongoing softwood lumber issue which has some implications, and generates some uncertainty. Also, the US has gotten really good at growing their own timber and meeting the demands themselves.

west coast forestry
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Had owned this as a play on US housing, until he discovered just how much of the US housing is not wood, but concrete. A high-quality company, so if you are going to make that bet, it is probably the best pick. There is an ongoing softwood lumber issue which has some implications, and generates some uncertainty. Also, the US has gotten really good at growing their own timber and meeting the demands themselves.

west coast forestry
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Michael Decter

President , Lawrence Decter Inve...

Price Price
$40.380
Owned Owned
No

HOLD

He is a little concerned on lumber stocks. It looks again like they are not getting a deal with the US on softwood. That’s a bit of a problem. Housing starts in the US looks fine, and the Cdn$ down is more of a positive. They just reported, and had bad numbers, but it wasn’t on the lumber side, it was more on the pulp operations.

west coast forestry
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He is a little concerned on lumber stocks. It looks again like they are not getting a deal with the US on softwood. That’s a bit of a problem. Housing starts in the US looks fine, and the Cdn$ down is more of a positive. They just reported, and had bad numbers, but it wasn’t on the lumber side, it was more on the pulp operations.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$43.850
Owned Owned
No

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