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, 19, 2019, 5:47 am

66.99 0.45 (0.68%)

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

west coast forestry
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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.  

west coast forestry
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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.

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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.

west coast forestry
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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.

west coast forestry
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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.

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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.

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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$)

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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).

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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.

west coast forestry
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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

COMMENT

He likes timber stocks. Doesn’t own this, but it is certainly showing up on his screens at these levels. Housing cycles tend to be very long, and we have had a very good one since 2008. This stock is worth a good look at these prices.

west coast forestry
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He likes timber stocks. Doesn’t own this, but it is certainly showing up on his screens at these levels. Housing cycles tend to be very long, and we have had a very good one since 2008. This stock is worth a good look at these prices.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$40.500
Owned Owned
No

WAIT

Forest products in Canada have double seasonality.  From early March to beginning of October they move lower.  Buy then.

west coast forestry
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Forest products in Canada have double seasonality.  From early March to beginning of October they move lower.  Buy then.

west coast forestry
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$37.120
Owned Owned
Unknown

HOLD

The stock looks quite good here. The only thing you need to concern yourself with is when it comes across areas where it has gone up and then come back down and then got stuck back up there again. It is now in an area where it has had problems getting through. If you were putting a Stop on this, it would be at $40.

west coast forestry
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The stock looks quite good here. The only thing you need to concern yourself with is when it comes across areas where it has gone up and then come back down and then got stuck back up there again. It is now in an area where it has had problems getting through. If you were putting a Stop on this, it would be at $40.

west coast forestry
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$44.520
Owned Owned
Unknown

COMMENT

Forestry? His go to name in this sector is always this one. When he looked at it this winter, it wasn’t cheap enough. It’s all right on Fair Market Value and will make lots of money over the next couple of years when the US housing market recovers.

west coast forestry
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Forestry? His go to name in this sector is always this one. When he looked at it this winter, it wasn’t cheap enough. It’s all right on Fair Market Value and will make lots of money over the next couple of years when the US housing market recovers.

west coast forestry
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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$44.380
Owned Owned
No

BUY on WEAKNESS
West Fraser Timber(WFT-T) 

April 28, 2016

(Market Call Minute.) Lumber stocks have lagged a little, and with US housing looking better, he would say this is a Buy on weakness.

west coast forestry
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(Market Call Minute.) Lumber stocks have lagged a little, and with US housing looking better, he would say this is a Buy on weakness.

west coast forestry
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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$39.880
Owned Owned
Unknown

COMMENT
West Fraser Timber(WFT-T) 

April 21, 2016

A good company. With a lot of stocks in the commodity area, timing is very, very key when you are buying. Over the last 5 years, this has done quite well as we have gone from very depressed lumber prices to very good prices. With the slight pull down in China and Chinese growth, exports into China have slowed down. He expects we get back into rising prices a year from now. Likes the stock at this point.

west coast forestry
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A good company. With a lot of stocks in the commodity area, timing is very, very key when you are buying. Over the last 5 years, this has done quite well as we have gone from very depressed lumber prices to very good prices. With the slight pull down in China and Chinese growth, exports into China have slowed down. He expects we get back into rising prices a year from now. Likes the stock at this point.

west coast forestry
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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$42.490
Owned Owned
Unknown

DON'T BUY
West Fraser Timber(WFT-T) 

February 29, 2016

When looking at the timber sector, you want to look at some corollary investment that moves along with it. In this case, you want to track the housing sector, and if that is not doing well, timber stocks tend to not do well. Housing has not done well. We are getting late in the trade for this. Chart is showing a little bit of support, but it may be a dead cat bounce. Not something he would be entering into.

west coast forestry
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When looking at the timber sector, you want to look at some corollary investment that moves along with it. In this case, you want to track the housing sector, and if that is not doing well, timber stocks tend to not do well. Housing has not done well. We are getting late in the trade for this. Chart is showing a little bit of support, but it may be a dead cat bounce. Not something he would be entering into.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$41.830
Owned Owned
Unknown

BUY
West Fraser Timber(WFT-T) 

November 30, 2015

Lumber stocks are amazing.  Double seasonality.  Mid to end of Oct until Jan or to April.  Negative seasonality for the rest of the year.  The seasonal trade clicked in on time this year.  Technicals look good.  You have to love this stock.

west coast forestry
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Lumber stocks are amazing.  Double seasonality.  Mid to end of Oct until Jan or to April.  Negative seasonality for the rest of the year.  The seasonal trade clicked in on time this year.  Technicals look good.  You have to love this stock.

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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$54.820
Owned Owned
Unknown

DON'T BUY
West Fraser Timber(WFT-T) 

October 1, 2015

He is not rushing back to the sector because lumber is still going down.  There will be a time because the US housing market still remains okay.

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He is not rushing back to the sector because lumber is still going down.  There will be a time because the US housing market still remains okay.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$41.130
Owned Owned
No

HOLD
West Fraser Timber(WFT-T) 

September 25, 2015

This had an extremely good run until the last few months when lumber prices have been off. It is down quite a bit from its peak. This is the largest and lowest cost lumber producer in North America. It is also in pulp and paper and that is where the potential upside is. He likes the long-term outlook for US housing starts, but you have to be patient on it.

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This had an extremely good run until the last few months when lumber prices have been off. It is down quite a bit from its peak. This is the largest and lowest cost lumber producer in North America. It is also in pulp and paper and that is where the potential upside is. He likes the long-term outlook for US housing starts, but you have to be patient on it.

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Nick Majendie

Director &, Scotia Wealth Manage...

Price Price
$47.920
Owned Owned
No

COMMENT
West Fraser Timber(WFT-T) 

September 1, 2015

Something to keep in mind with respect to these timber companies is that timber cycles tend to be long ones, and housing recoveries, like we are seeing in the US, tend to go on for a number of years. There has always been a dispute on importing Canadian lumber into the US, so our price advantage is not all that great when you look at just the foreign exchange component. If you are looking out a few years, this is not a bad one to look at.

west coast forestry
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Something to keep in mind with respect to these timber companies is that timber cycles tend to be long ones, and housing recoveries, like we are seeing in the US, tend to go on for a number of years. There has always been a dispute on importing Canadian lumber into the US, so our price advantage is not all that great when you look at just the foreign exchange component. If you are looking out a few years, this is not a bad one to look at.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$49.180
Owned Owned
Unknown

DON'T BUY
West Fraser Timber(WFT-T) 

August 10, 2015

Housing starts in the US have turned and are stronger, but sales to China have turned down.  Forward estimates on lumber prices are based on too high of a commodity price.

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Housing starts in the US have turned and are stronger, but sales to China have turned down.  Forward estimates on lumber prices are based on too high of a commodity price.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$57.010
Owned Owned
No

DON'T BUY
West Fraser Timber(WFT-T) 

August 5, 2015

The 2 big catalysts for lumber stocks was the US and China. Feels lumber prices are ahead of where they should be. The US is starting to pick up a little. This would not be his timing to get into it now. China has lots of growth problems which doesn’t help. Canadian housing is seeing a slowdown in Alberta and Saskatchewan.

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The 2 big catalysts for lumber stocks was the US and China. Feels lumber prices are ahead of where they should be. The US is starting to pick up a little. This would not be his timing to get into it now. China has lots of growth problems which doesn’t help. Canadian housing is seeing a slowdown in Alberta and Saskatchewan.

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John Wilson

CEO; Co-CI, Sprott Asset Managem...

Price Price
$57.940
Owned Owned
No

COMMENT

Was positive on the lumber sector about a year ago, and then various things happened. The Russian ruble went into the tank, so timber became much more competitive. Also, slowdowns in China. On the US side, we are coming to a point where the housing sector is really going to run, so thinks the forest product stocks in general in Canada are probably worth looking at. Timing is probably good for the stocks.

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Was positive on the lumber sector about a year ago, and then various things happened. The Russian ruble went into the tank, so timber became much more competitive. Also, slowdowns in China. On the US side, we are coming to a point where the housing sector is really going to run, so thinks the forest product stocks in general in Canada are probably worth looking at. Timing is probably good for the stocks.

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$57.550
Owned Owned
Unknown

COMMENT

This company has a big market in Asia and the Asia market rolled over. A very difficult business to be in. Over the last 2 years, they were expensive. They are now coming back into that territory. You really want to buy them when they are almost bankrupt, and then you are kind of rolling the dice that they make it through. This is an extremely high quality company. He hasn’t figured out the dollar figure for an entry point yet. This would be his favourite name in this sector.

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This company has a big market in Asia and the Asia market rolled over. A very difficult business to be in. Over the last 2 years, they were expensive. They are now coming back into that territory. You really want to buy them when they are almost bankrupt, and then you are kind of rolling the dice that they make it through. This is an extremely high quality company. He hasn’t figured out the dollar figure for an entry point yet. This would be his favourite name in this sector.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$56.880
Owned Owned
No

COMMENT
West Fraser Timber(WFT-T) 

April 10, 2015

This is a tricky area. He is not in the forest products side at all, but watching it closely. The real problem is that the demand for various parts of their business, both lumber and logs, tends to fluctuate. For a while Asians were big buyers of logs, but that has fallen off because the Russians are cutting prices. Also, US housing starts have been on-again off-again. He is reasonably convinced that the US housing starts are going to start to show the kind of growth that he expected a few years ago.

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This is a tricky area. He is not in the forest products side at all, but watching it closely. The real problem is that the demand for various parts of their business, both lumber and logs, tends to fluctuate. For a while Asians were big buyers of logs, but that has fallen off because the Russians are cutting prices. Also, US housing starts have been on-again off-again. He is reasonably convinced that the US housing starts are going to start to show the kind of growth that he expected a few years ago.

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$61.560
Owned Owned
No

COMMENT

Largest producer of lumber in BC. They are going to benefit from a low Cdn$. The company is also investing quite a bit in operations over the next few years, to modernize their sawmills. That is supposed to be driving 20%-30% EBITDA growth over the next few years.

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Largest producer of lumber in BC. They are going to benefit from a low Cdn$. The company is also investing quite a bit in operations over the next few years, to modernize their sawmills. That is supposed to be driving 20%-30% EBITDA growth over the next few years.

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Genevieve Roch-

Portfolio , LDIC Inc. ...

Price Price
$60.490
Owned Owned
Yes

WATCH
West Fraser Timber(WFT-T) 

March 26, 2015

Move from Energy to Timber?  You are moving from one cyclical to another but the factors are different.  It is related to US housing and some Chinese buying.  WFT-T is his favourite.  He is looking to reenter it.

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Move from Energy to Timber?  You are moving from one cyclical to another but the factors are different.  It is related to US housing and some Chinese buying.  WFT-T is his favourite.  He is looking to reenter it.

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Jeff Young

Co-CEO & C, NexGen Financial...

Price Price
$65.310
Owned Owned
Unknown

HOLD
West Fraser Timber(WFT-T) 

February 24, 2015

The reason to own this is if you believe the US housing market is normalizing and will show more growth, the Canadian housing market continues to show good growth along with demand from Asia. He sees potential for these companies to show more growth. The Cdn$ is dropping, which makes the price of lumber more attractive. There is potential for rising dividends. A good place to be.

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The reason to own this is if you believe the US housing market is normalizing and will show more growth, the Canadian housing market continues to show good growth along with demand from Asia. He sees potential for these companies to show more growth. The Cdn$ is dropping, which makes the price of lumber more attractive. There is potential for rising dividends. A good place to be.

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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$73.300
Owned Owned
No

COMMENT
West Fraser Timber(WFT-T) 

February 17, 2015

He likes the lumber industry overall, but prefers Western Forest Products (WEF-T) or Interfor Corp (IFP-T). This is one of the largest Canadian lumber producers with operations in BC, Alberta as well as the US south. Conservatively run business and a strong balance sheet. There is perhaps more upside and more chance of an M&A activity in some of the smaller capitalization lumber companies,. This also has some pulp exposure.

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He likes the lumber industry overall, but prefers Western Forest Products (WEF-T) or Interfor Corp (IFP-T). This is one of the largest Canadian lumber producers with operations in BC, Alberta as well as the US south. Conservatively run business and a strong balance sheet. There is perhaps more upside and more chance of an M&A activity in some of the smaller capitalization lumber companies,. This also has some pulp exposure.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$74.570
Owned Owned
No

BUY
West Fraser Timber(WFT-T) 

February 4, 2015

Really likes the company.  He doesn’t do a lot of resource stocks, but this is a solid company, one of the best in the sector.  It is safer than others in the sector.  The sector is going to be okay.  It is cheap enough that you can still make money after the bounce.  As a sector play you don’t get much better than this one.

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Really likes the company.  He doesn’t do a lot of resource stocks, but this is a solid company, one of the best in the sector.  It is safer than others in the sector.  The sector is going to be okay.  It is cheap enough that you can still make money after the bounce.  As a sector play you don’t get much better than this one.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$72.410
Owned Owned
No

BUY
West Fraser Timber(WFT-T) 

September 26, 2014

Thinks the whole sector is surprisingly positive, but he doesn’t know why.  When he looks at lumber over the long term, it is one of the few commodities that is basing.  There is no sign of a top with WFT-T.  He thinks it will go surprisingly higher.

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Thinks the whole sector is surprisingly positive, but he doesn’t know why.  When he looks at lumber over the long term, it is one of the few commodities that is basing.  There is no sign of a top with WFT-T.  He thinks it will go surprisingly higher.

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Bill Carrigan

Technical , Getting Technical In...

Price Price
$53.980
Owned Owned
Unknown

TOP PICK

The largest lumber stock and so the safest.  The most advanced mills, so will help with operating costs.  Diversified geographically in North America.  Stand to generate significant cash flow when lumber prices go up, but could go sideways for a while.

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The largest lumber stock and so the safest.  The most advanced mills, so will help with operating costs.  Diversified geographically in North America.  Stand to generate significant cash flow when lumber prices go up, but could go sideways for a while.

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Rob Stabile

Portfolio , LDIC Inc...

Price Price
$50.180
Owned Owned
Yes

COMMENT

Had a nice run last year and early this year. Lumber is seasonally weak over the summer, and they try to get things going before the winter comes on. We are probably still seeing signs in the US that housing starts are okay. This is probably okay.

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Had a nice run last year and early this year. Lumber is seasonally weak over the summer, and they try to get things going before the winter comes on. We are probably still seeing signs in the US that housing starts are okay. This is probably okay.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$49.510
Owned Owned
No

DON'T BUY

You can expect another leg up in US housing.  Lumber is still oversupplied right now.  He doesn’t own any of them right now.  Likes US housing, but prefers playing through US financials.  He has TCN-T and HD-N also.

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You can expect another leg up in US housing.  Lumber is still oversupplied right now.  He doesn’t own any of them right now.  Likes US housing, but prefers playing through US financials.  He has TCN-T and HD-N also.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$48.830
Owned Owned
No

SELL
West Fraser Timber(WFT-T) 

April 28, 2014

(Market Call Minute) Let it go for a while.  Doesn’t like how lumber is acting right now.  It is ahead of itself.

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(Market Call Minute) Let it go for a while.  Doesn’t like how lumber is acting right now.  It is ahead of itself.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$49.650
Owned Owned
No

HOLD
West Fraser Timber(WFT-T) 

April 17, 2014

Looking at the dollar weighted trading price to see where most volume occurs, it is $45 even. It bounced off there a few days ago. The next support level is around $41. He would use $45 as a support level and would continue to Hold the stock right now.

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Looking at the dollar weighted trading price to see where most volume occurs, it is $45 even. It bounced off there a few days ago. The next support level is around $41. He would use $45 as a support level and would continue to Hold the stock right now.

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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$48.100
Owned Owned
Unknown

WAIT
West Fraser Timber(WFT-T) 

March 24, 2014

He sold a similar one because the housing had had a good start in the US and he took profits. He likes US housing long term. He may repurchase one of these in the future.
west coast forestry
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He sold a similar one because the housing had had a good start in the US and he took profits. He likes US housing long term. He may repurchase one of these in the future.
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Peter Brieger

Chairman &, GlobeInvestment Capi...

Price Price
$50.770
Owned Owned
No

BUY
West Fraser Timber(WFT-T) 

February 6, 2014

He got out too early.  There is a supply issue in the US.  They bought 65K board feet of lumber in 2005 and then it dropped to 40k a couple of years later.  There were problems in Quebec and Vancouver so now supply is short.  If American demand goes up there is simply just not enough supply.  He is not into the forest stocks because there are so many empty houses in the US right now. 

west coast forestry
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He got out too early.  There is a supply issue in the US.  They bought 65K board feet of lumber in 2005 and then it dropped to 40k a couple of years later.  There were problems in Quebec and Vancouver so now supply is short.  If American demand goes up there is simply just not enough supply.  He is not into the forest stocks because there are so many empty houses in the US right now. 

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Teal Linde

Portfolio , Linde Equity Report...

Price Price
$55.500
Owned Owned
No

BUY
West Fraser Timber(WFT-T) 

January 23, 2014

Falling Cdn$ has been a tailwind for all the lumber companies. The bigger story is that we are in a slow improving housing market in the US. He doesn’t expect it to boom, but just generally get better. Supply is still relatively restrained in North America. There has been lots of money made already and he would encourage you to identify an exit price in the event these things roll over.

west coast forestry
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Falling Cdn$ has been a tailwind for all the lumber companies. The bigger story is that we are in a slow improving housing market in the US. He doesn’t expect it to boom, but just generally get better. Supply is still relatively restrained in North America. There has been lots of money made already and he would encourage you to identify an exit price in the event these things roll over.

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David Burrows

President , Barometer Capital Ma...

Price Price
$58.800
Owned Owned
No

HOLD
West Fraser Timber(WFT-T) 

January 16, 2014

Stay the course.  Directly tied to US housing recovery.  The US sector is massive.  There are so few attractive alternatives.  It is well positioned and there is support in the fund flow into this one. 

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Stay the course.  Directly tied to US housing recovery.  The US sector is massive.  There are so few attractive alternatives.  It is well positioned and there is support in the fund flow into this one. 

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Paul Taylor

CIO, Funda, BMO Asset Management...

Price Price
$57.440
Owned Owned
Unknown

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