Western Forest Products Inc.

WEF-T

TSE:WEF

0.76
0.06 (7.32%)
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
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.
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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.
TOP PICK
TOP PICK
June 14, 2019
Might be having a mini-recession. Makes money no matter what, as it makes clear cedar for the refinishing market. No debt. One of the companies being given away in the stock market. Yield is 5.42%. (Analysts’ price target is $2.06)
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Might be having a mini-recession. Makes money no matter what, as it makes clear cedar for the refinishing market. No debt. One of the companies being given away in the stock market. Yield is 5.42%. (Analysts’ price target is $2.06)
DON'T BUY
DON'T BUY
May 10, 2019
Cheap and getting cheaper. Lumber prices have not recovered, neither has US housing. He would avoid it.
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Cheap and getting cheaper. Lumber prices have not recovered, neither has US housing. He would avoid it.
COMMENT
COMMENT
April 5, 2019
Short at $2? It has a solid base at $1.78. He thinks it looks more like a buy right now. If shorting it, be cautious.
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Short at $2? It has a solid base at $1.78. He thinks it looks more like a buy right now. If shorting it, be cautious.
PAST TOP PICK
PAST TOP PICK
March 29, 2019
(A Top Pick Mar 01/18, Down 28%) Has pulled back with the growth concerns in the US. A name you have to be patient with. Fundamentally is a strong company, 5% yield, 50% payout ratio. They have been buying back shares and raising their dividend. It likely won't do a lot until people are more comfortable with the economic growth.
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(A Top Pick Mar 01/18, Down 28%) Has pulled back with the growth concerns in the US. A name you have to be patient with. Fundamentally is a strong company, 5% yield, 50% payout ratio. They have been buying back shares and raising their dividend. It likely won't do a lot until people are more comfortable with the economic growth.
TOP PICK
TOP PICK
February 27, 2019
A new addition in his portfolio. It is large dimensional timber, with markets offshore. It has a good yield with exposure to a good management team and no debt. Yield 4.95% (Analysts’ price target is $2.53)
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A new addition in his portfolio. It is large dimensional timber, with markets offshore. It has a good yield with exposure to a good management team and no debt. Yield 4.95% (Analysts’ price target is $2.53)
HOLD
HOLD
February 20, 2019
They have no debt, it pays a good dividend and the stock is cheap he thinks. However, they are in a very volatile sector and people are worried about the housing market. He likes it as a hold. Yield 5%.
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They have no debt, it pays a good dividend and the stock is cheap he thinks. However, they are in a very volatile sector and people are worried about the housing market. He likes it as a hold. Yield 5%.
BUY
BUY
February 14, 2019

Forestry stocks have had a rough ride in the last 6 months. They turned first before the market. They have now gotten quite 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.

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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 quite 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.

BUY WEAKNESS
BUY WEAKNESS
January 17, 2019
They are more into cedar and it is not a commodity. A slowdown in the economy will cause reduced cedar usage. In the $2 range it is very attractive.
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They are more into cedar and it is not a commodity. A slowdown in the economy will cause reduced cedar usage. In the $2 range it is very attractive.
COMMENT
COMMENT
January 11, 2019

NTR or WEF? He would prefer NTR-T as he believes it will eventually be back to making money. He thinks deforestation is one of the biggest contributors to greenhouse gas emissions. There is only so much arable land and thinks NTR-T will benefit the most.

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NTR or WEF? He would prefer NTR-T as he believes it will eventually be back to making money. He thinks deforestation is one of the biggest contributors to greenhouse gas emissions. There is only so much arable land and thinks NTR-T will benefit the most.

PARTIAL BUY
PARTIAL BUY
January 11, 2019
Got really hammered in the sell-off. It's likely trading at far below its book value. He doesn't think the US housing slowdown will be as long as others believe. Good value, though it's too speculative for him. Dividend is 4.5%. This got tossed out with the bathwater. Hold or add to it here.
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Got really hammered in the sell-off. It's likely trading at far below its book value. He doesn't think the US housing slowdown will be as long as others believe. Good value, though it's too speculative for him. Dividend is 4.5%. This got tossed out with the bathwater. Hold or add to it here.
HOLD
HOLD
November 15, 2018
It moves on housing starts and lumber prices. If you are okay with the sector then it is okay within the sector. Nice dividend, nice balance sheet. You have to play it around in terms of the cycle itself. You will make money if you hold it for the next cycle.
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It moves on housing starts and lumber prices. If you are okay with the sector then it is okay within the sector. Nice dividend, nice balance sheet. You have to play it around in terms of the cycle itself. You will make money if you hold it for the next cycle.
BUY
BUY
October 25, 2018

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.

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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.

DON'T BUY
DON'T BUY
October 9, 2018

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.

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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.

SELL
SELL
August 28, 2018

Range-bound and had a nice run. Looks like it's falling back to $2.

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Range-bound and had a nice run. Looks like it's falling back to $2.

Showing 16 to 30 of 160 entries