TSE:WEF
0.66
0.03
(4.76%)
Western Forest Products Inc. is a Canadian lumber company based in Vancouver, British Columbia, Canada.
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Analysis and Opinions about WEF-T
Signal
Opinion
Expert
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.
DON'T BUY
DON'T BUY
October 1, 2019
2017-8 saw an uptrend, then fell into a long-term downtrend. There is some improvement in lumber stocks, but they're still pressured. They haven't hit a bottom yet.
Show full opinionHide full opinion2017-8 saw an uptrend, then fell into a long-term downtrend. There is some improvement in lumber stocks, but they're still pressured. They haven't hit a bottom yet.
SELL
SELL
September 12, 2019
He is not hopeful. There is a downtrend line that it is running into from below. If we broke $1.13, from current levels then there more to this story than we know. Since Jun/18, its performance against the S&P has been terrible.
Show full opinionHide full opinionHe is not hopeful. There is a downtrend line that it is running into from below. If we broke $1.13, from current levels then there more to this story than we know. Since Jun/18, its performance against the S&P has been terrible.
WATCH
WATCH
August 23, 2019
Gotta watch to see what's happening in housing, especially in the US. Worried about shipping numbers since exports to China is down. Would wait for the stock to form a base.
Show full opinionHide full opinionGotta watch to see what's happening in housing, especially in the US. Worried about shipping numbers since exports to China is down. Would wait for the stock to form a base.
PARTIAL BUY
PARTIAL BUY
August 16, 2019
Sector has been beaten down. Possibly something that you should look closely at. It is cyclical so it has its characteristics.
Show full opinionHide full opinionSector has been beaten down. Possibly something that you should look closely at. It is cyclical so it has its characteristics.
WEAK BUY
WEAK BUY
August 9, 2019
All lumber companies have been slammed this year with low prices. For WEF, demand from China and Japan has really gone down due to trade tensions between China and Canada. WEF still does real estate sales to bolster their income. WEF is near its low. You can pick at this, assuming we don't get a recession.
Show full opinionHide full opinionAll lumber companies have been slammed this year with low prices. For WEF, demand from China and Japan has really gone down due to trade tensions between China and Canada. WEF still does real estate sales to bolster their income. WEF is near its low. You can pick at this, assuming we don't get a recession.
DON'T BUY
DON'T BUY
July 26, 2019
Forestry stocks have been tough since last September in a straight downtrend. He sold his forestry stocks last fall. Don't enter this sector yet. Not yet. WEF trades at 11x P/E. It pays a safe dividend. The street feels that lumber prices have abosrbed excess invenstory, so maybe this space is bottoming.
Show full opinionHide full opinionForestry stocks have been tough since last September in a straight downtrend. He sold his forestry stocks last fall. Don't enter this sector yet. Not yet. WEF trades at 11x P/E. It pays a safe dividend. The street feels that lumber prices have abosrbed excess invenstory, so maybe this space is bottoming.
DON'T BUY
DON'T BUY
July 24, 2019
Forestry stocks look bad, keep falling. Things are turning around a little, but he needs to see more recovery to buy. These stocks can trend lower for a long time.
Show full opinionHide full opinionForestry stocks look bad, keep falling. Things are turning around a little, but he needs to see more recovery to buy. These stocks can trend lower for a long time.
BUY
BUY
June 17, 2019
Canadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
Show full opinionHide full opinionCanadian Forestry stocks. Here is an industry that is in a bit of oversupply. Curtailing production should be good in the short term. We are seeing all of these stocks selling towards their lows rather than highs. CFF is selling at a fraction of the book value. They have had negative earnings of late. WFT-T is 1.5 times book. IFP-T is at book value but has a much higher multiple. WEF-T is trading in the middle of the previous two but with a much more significant yield, possibly not as secure. They all have reasonable assets. They are a decent value play and could stand to do well if we get a building resurgence. You have to be patient.
Western Forest Products Inc.(WEF-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 12
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, 12 stock analysts published opinions about WEF-T. 6 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 Ryan Bushell on 2020-03-04. 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?
12 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 2020-04-08, Western Forest Products Inc. (WEF-T) stock closed at a price of $0.66.
