Buy, Sell or Hold: Western Forest Products Inc. (WEF-T)

TSE:WEF

1.98

0.07 (3.41%) 1d

Showing 1 to 15 of 173 entries

HOLD

He considers forest stocks to be a hold. He is lightening up on his position. You should buy commodity products when they are not at a historic high like now.

west coast forestry

PAST TOP PICK

(A Top Pick Jun 22/20, Up 132%) He would be a buyer. There is a disconnect with lumber prices. It deserves to be a higher price than where it is now.

west coast forestry

PAST TOP PICK

(A Top Pick May 19/20, Up 191%) Lumber has become the hottest commodity. It is still not back to its 2018 high, which it should get to if lumber prices stay high.

west coast forestry

PARTIAL SELL

A little more expensive than WFG and less ROE. Has had quite a good run but would stick to WFG or Interfor. Would sell this for other larger players.

west coast forestry

BUY

An exciting time in home builders. Under made homes for several years in the US. A powerful rally. Likes that WFG is now a combined entity. WEF is a small cap and is more whippy. Both are good.

west coast forestry

BUY

The U.S. housing boom has fuelled lumber prices and WEF, a strong tailwind. These prices will remain strong for a few years as Asian economies also pick up. Doesn't know WEF that well.

west coast forestry

BUY

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.

west coast forestry

WATCH

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.

west coast forestry

HOLD

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.

west coast forestry

SELL

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.

west coast forestry

PAST TOP PICK

(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.

west coast forestry

COMMENT

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.

west coast forestry

TOP PICK

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)

west coast forestry

TOP PICK

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)

west coast forestry

PAST TOP PICK

(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.

west coast forestry

Showing 1 to 15 of 173 entries

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

Stockchase rating for Western Forest Products Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 . 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?

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 2022-01-26, Western Forest Products Inc. (WEF-T) stock closed at a price of $1.98.

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