West Fraser Timber

WFT-T

TSE:WFT

62.95
1.66 (2.57%)
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.
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Analysis and Opinions about WFT-T

Signal
Opinion
Expert
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.
DON'T BUY
DON'T BUY
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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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.
SELL
SELL
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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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.
PAST TOP PICK
PAST TOP PICK
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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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.
TOP PICK
TOP PICK
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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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)

WAIT
WAIT
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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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.
WATCH
WATCH
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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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.

DON'T BUY
DON'T BUY
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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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.

BUY
BUY
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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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.

DON'T BUY
DON'T BUY
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.

HOLD
HOLD
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.

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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.

DON'T BUY
DON'T BUY
July 24, 2018

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.

BUY
BUY
June 25, 2018

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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