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
HOLD
HOLD
June 1, 2016

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.

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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.

COMMENT
COMMENT
May 10, 2016

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.

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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.

BUY WEAKNESS
BUY WEAKNESS
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.

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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.

COMMENT
COMMENT
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

BUY
BUY
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.

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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.

DON'T BUY
DON'T BUY
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.

HOLD
HOLD
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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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.

COMMENT
COMMENT
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.

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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.

DON'T BUY
DON'T BUY
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.

DON'T BUY
DON'T BUY
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.

COMMENT
COMMENT
July 31, 2015

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.

COMMENT
COMMENT
July 28, 2015

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.

COMMENT
COMMENT
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.

COMMENT
COMMENT
April 7, 2015

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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