Western Forest Products Inc.
WEF-T
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About Western Forest Products Inc. (WEF-T)
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Forestry stocks have had a rough ride in the last 6 months. They turned first before the market. They have now gotten quiet cheap. It is quiet cheap here and the balance sheet is fine. Their yield is good and quite well supported. It is a small long for him.
Forestry stocks have had a rough ride in the last 6 months. They turned first before the market. They have now gotten quiet cheap. It is quiet cheap here and the balance sheet is fine. Their yield is good and quite well supported. It is a small long for him.
It's not time to give up. Lumber prices have been falling just like the stock. If you take a look at housing construction, the chart looks just like this. This is the seasonal period when all these sectors tend to pick up. This is a good opportunity.
It's not time to give up. Lumber prices have been falling just like the stock. If you take a look at housing construction, the chart looks just like this. This is the seasonal period when all these sectors tend to pick up. This is a good opportunity.
He would be cautious on any of these forest plays. The easy money was made in the first half of the year. Many of these positions are just unwinding very fast. It could be a falling knife.
He would be cautious on any of these forest plays. The easy money was made in the first half of the year. Many of these positions are just unwinding very fast. It could be a falling knife.
Range-bound and had a nice run. Looks like it's falling back to $2.
Range-bound and had a nice run. Looks like it's falling back to $2.
It had a seasonal period earlier this year into March. Now, we're at a floor of $2.50. It's outside seasonality now. Could be a time to exit.
It had a seasonal period earlier this year into March. Now, we're at a floor of $2.50. It's outside seasonality now. Could be a time to exit.
(A Top Pick January 23/17 Up 57%). They are building a business out west and selling into the US and Asian markets. They are broadening their business, adding a distribution centre in the US. It is over a $1 billion market cap. It is a core position and he hopes it can double from here. He feels they have cornered the clear cedar market.
(A Top Pick January 23/17 Up 57%). They are building a business out west and selling into the US and Asian markets. They are broadening their business, adding a distribution centre in the US. It is over a $1 billion market cap. It is a core position and he hopes it can double from here. He feels they have cornered the clear cedar market.
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