TSE:WEF
1.35
0.01
(0.75%)
Western Forest Products Inc. is a Canadian lumber company based in Vancouver, British Columbia, Canada.
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Western Forest Products Inc.
WEF-T
Analysis and Opinions about WEF-T
Signal
Opinion
Expert
BUY
BUY
December 21, 2020
He considers it a buy still today. It has not recovered as much as the other three. It is because it is a specialty lumber products company. The price of lumber has been on a tear this year. The strike is no longer in place but it is trading lower than it was then. There has not been a single share sold by insiders this year. The risk/reward ratio looks quite attractive.
Show full opinionHide full opinion
He considers it a buy still today. It has not recovered as much as the other three. It is because it is a specialty lumber products company. The price of lumber has been on a tear this year. The strike is no longer in place but it is trading lower than it was then. There has not been a single share sold by insiders this year. The risk/reward ratio looks quite attractive.
WATCH
WATCH
December 15, 2020
Has owned it in the past. He sold it in Feb/March when all that disruption happened and he didn't know what would happen (Covid). In the past 6 months, so much happened and he missed WEF popping up. He regrets selling this. He's now watching this. Can't say yet how US tariffs rolling off will effect this; he will study this. Likes this company and management. Should do well.
Show full opinionHide full opinionHas owned it in the past. He sold it in Feb/March when all that disruption happened and he didn't know what would happen (Covid). In the past 6 months, so much happened and he missed WEF popping up. He regrets selling this. He's now watching this. Can't say yet how US tariffs rolling off will effect this; he will study this. Likes this company and management. Should do well.
HOLD
HOLD
November 16, 2020
They just announced third quarter results. Earnings are second highest since 2018 when the stock was $2. They do specialty lumber and they are diversified, so they move more gently. The valuation is attractive. The dividend should come back.
Show full opinionHide full opinionThey just announced third quarter results. Earnings are second highest since 2018 when the stock was $2. They do specialty lumber and they are diversified, so they move more gently. The valuation is attractive. The dividend should come back.
SELL
SELL
October 28, 2020
Disappointing over the last couple of years. Doesn't see prospects to improve. Will remain under pressure. Be careful with this investment. If you can't make it during the boom days, you won't be able to make it during the challenging times.
Show full opinionHide full opinionDisappointing over the last couple of years. Doesn't see prospects to improve. Will remain under pressure. Be careful with this investment. If you can't make it during the boom days, you won't be able to make it during the challenging times.
PAST TOP PICK
PAST TOP PICK
August 28, 2020
(A Top Pick Jun 14/19, Down 23%) They were stopped out of it and they allocated more to health and tech. Now lumber prices have shot up. He now expects a housing boom out of the pandemic.
Show full opinionHide full opinion(A Top Pick Jun 14/19, Down 23%) They were stopped out of it and they allocated more to health and tech. Now lumber prices have shot up. He now expects a housing boom out of the pandemic.
COMMENT
COMMENT
August 18, 2020
He sold it in May. He was worried about WEF's viability. This was the wrong decision. WEF products demand has rebounded strongly that he didn't expect. WEF cut the dividend to zero. The long strike they had then the pandemic coloured his decision to sell.
Show full opinionHide full opinionHe sold it in May. He was worried about WEF's viability. This was the wrong decision. WEF products demand has rebounded strongly that he didn't expect. WEF cut the dividend to zero. The long strike they had then the pandemic coloured his decision to sell.
TOP PICK
TOP PICK
June 22, 2020
Insiders were buying during their strike last year, then again this March. It is still attractive. This company has had a very consistent track record in terms of profitability. It trades at a discount. (Analysts’ price target is $1.05)
Show full opinionHide full opinionInsiders were buying during their strike last year, then again this March. It is still attractive. This company has had a very consistent track record in terms of profitability. It trades at a discount. (Analysts’ price target is $1.05)
TOP PICK
TOP PICK
May 19, 2020
Canada's biggest lumber producer in the west coast. Consistently profitable, but it got tangled in an 8-month strike last year. When that ended, the stock started to rise in February until the virus hit. There's lots of insider buying, which triggered him to buy. WEF trades at 0.6x book value, a third of 2014-18 levels, so this could bounce back 300%. (Analysts’ price target is $1.02)
Show full opinionHide full opinionCanada's biggest lumber producer in the west coast. Consistently profitable, but it got tangled in an 8-month strike last year. When that ended, the stock started to rise in February until the virus hit. There's lots of insider buying, which triggered him to buy. WEF trades at 0.6x book value, a third of 2014-18 levels, so this could bounce back 300%. (Analysts’ price target is $1.02)
PAST TOP PICK
PAST TOP PICK
March 4, 2020
(A Top Pick Feb 27/19, Down 34%) A smaller position for them. He was hoping housing and trade would improve. Unfortunately their workers went on strike for 7 months. The shares are poised to go higher with bullish US housing stats. Their exports to Asia as significant so he would be careful and watch this one. There is also some risk the dividend could be cut.
Show full opinionHide full opinion(A Top Pick Feb 27/19, Down 34%) A smaller position for them. He was hoping housing and trade would improve. Unfortunately their workers went on strike for 7 months. The shares are poised to go higher with bullish US housing stats. Their exports to Asia as significant so he would be careful and watch this one. There is also some risk the dividend could be cut.
STRONG BUY
STRONG BUY
February 27, 2020
The deep cyclical are the place you want to put some money. It is so beaten down. It could fall another 50% but once we get CoVid19 under control, these deep cyclicals could have 300-500% gains. This is where the value is in this market but you need patience. He has never seen an opportunity like this in his career.
Show full opinionHide full opinionThe deep cyclical are the place you want to put some money. It is so beaten down. It could fall another 50% but once we get CoVid19 under control, these deep cyclicals could have 300-500% gains. This is where the value is in this market but you need patience. He has never seen an opportunity like this in his career.
DON'T BUY
DON'T BUY
December 27, 2019
7.4% dividend and it is not safe--a 540% payout ratio. Lumber prices seem to have bottomed this year and should rise. Will WEF maintain the dividend? Free cash flow is negative. 4 cents of earnings in 2020, rising to 11 cents in 2021 is his outlook. Ranks near the bottom for him.
Show full opinionHide full opinion7.4% dividend and it is not safe--a 540% payout ratio. Lumber prices seem to have bottomed this year and should rise. Will WEF maintain the dividend? Free cash flow is negative. 4 cents of earnings in 2020, rising to 11 cents in 2021 is his outlook. Ranks near the bottom for him.
PAST TOP PICK
PAST TOP PICK
December 13, 2019
(A Top Pick Jun 14/19, Down 22%) It's come down quite a lot but he still likes it. Slow down affected them a lot. He's moved on from this. 5% dividend yield. He bought West Fraser instead.
Show full opinionHide full opinion(A Top Pick Jun 14/19, Down 22%) It's come down quite a lot but he still likes it. Slow down affected them a lot. He's moved on from this. 5% dividend yield. He bought West Fraser instead.
COMMENT
COMMENT
December 3, 2019
Their last quarter disappointed. He's not sure what the catalyst will be to push this up. The 7% dividend is safe and still healthy, unless product prices remain pressured. WEF has a good balance sheet and financial backing. He's owned this in the past. It could be fine if you hold it long term.
Show full opinionHide full opinionTheir last quarter disappointed. He's not sure what the catalyst will be to push this up. The 7% dividend is safe and still healthy, unless product prices remain pressured. WEF has a good balance sheet and financial backing. He's owned this in the past. It could be fine if you hold it long term.
WATCH
WATCH
October 28, 2019
It is his small position in lumber and forest products. You get into these multiyear periods of cyclicality. He thinks you are getting to a bottoming time. In a year to a year and a half you should see a recovery. One of their mills has been on strike for a couple of months and he sees a strong union trying to push for much better bargaining. They have been excluded from the index and that forced some selling. Now is a great time to be looking at these stocks.
Show full opinionHide full opinionIt is his small position in lumber and forest products. You get into these multiyear periods of cyclicality. He thinks you are getting to a bottoming time. In a year to a year and a half you should see a recovery. One of their mills has been on strike for a couple of months and he sees a strong union trying to push for much better bargaining. They have been excluded from the index and that forced some selling. Now is a great time to be looking at these stocks.
COMMENT
COMMENT
October 15, 2019
Don't get into lumber stocks now. The US housing market is doing very well, but sadly Canadian lumber stocks don't benefit. He owns and likes this (and Interfor). Pity that these stocks don't get any love from the lumber price.
Show full opinionHide full opinionDon't get into lumber stocks now. The US housing market is doing very well, but sadly Canadian lumber stocks don't benefit. He owns and likes this (and Interfor). Pity that these stocks don't get any love from the lumber price.
Western Forest Products Inc.(WEF-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 6
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, 6 stock analysts published opinions about WEF-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Teal Linde on 2020-12-21. 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?
6 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 2021-01-25, Western Forest Products Inc. (WEF-T) stock closed at a price of $1.35.
