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Western Forest Products Inc. (WEF-T)
TSE:WEF
0.43
0.04
(10.39%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Western Forest Products Inc. (WEF-T) has experienced a notable decline over the past year, with a drop of 26% year-to-date and 37% over the past 52 weeks. The company's cancellation of its dividend in November 2023 and its ongoing losses raise concerns about its financial stability. Recent production cuts further highlight the challenges WEF faces in a sluggish housing market, which typically impacts demand for specialty wood products. While some insider buying and a significant partnership with a First Nations group suggest a potential for future stabilization and growth, experts remain cautious about WEF's outlook due to the small-cap risks and the absence of positive fundamental developments. Overall, the sentiment indicates a preference to avoid the stock at this time due to its poor financial performance and uncertain future.
$0.530
Unknown
Some insider buying. Trades at 0.16x sales, about half as much as CFP or IFP. Money-losing right now. Specialty wood products, typically higher margin and more profitable. But not anymore, related to housing market being slow. Cut dividend to protect balance sheet, so company's now pretty secure.
A great turnaround stock with upside once US interest rates come down and housing activity starts to come back. He's keeping a close eye on it.
Our view remains unchanged. The only recent news was that WEF had engaged in a partnership with a First Nations group where the Group would acquire a 34% interest from WEF in a limited partnership, for $35.9M. There is nothing exciting fundementally and it has small cap risks, so we continue to view it unfavourably.
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Western Forest Products Inc.(WEF-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 2
Western Forest Products Inc.(WEF-T) Frequently Asked Questions
What is Western Forest Products Inc. stock symbol?
Western Forest Products Inc. is a Canadian stock, trading under the symbol WEF-T on the Toronto Stock Exchange (WEF-CT). It is usually referred to as TSX:WEF or WEF-T
Is Western Forest Products Inc. a buy or a sell?
In the last year, 2 stock analysts published opinions about WEF-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Western Forest Products Inc..
Is Western Forest Products Inc. a good investment or a top pick?
Western Forest Products Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Western Forest Products Inc..
Why is Western Forest Products Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Western Forest Products Inc. worth watching?
2 stock analysts on Stockchase covered Western Forest Products Inc. In the last year. It is a trending stock that is worth watching.
What is Western Forest Products Inc. stock price?
On 2025-02-11, Western Forest Products Inc. (WEF-T) stock closed at a price of $0.425.
WEF has rallied with interest rates, which help the sector, but is still down 26% for the year and 37% over 52 weeks. Note the dividend was cancelled in November 2023 and none is paid currently. This week WEF announced it would be cutting production. It is still losing money. With its losses and outlook and omitted dividend and small size we would continue to be not interested here.
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