Western Forest Products Inc.

WEF-T

TSE:WEF

0.82
0.00 (0.00%)
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
HOLD
HOLD
June 9, 2016

Some of the forest products have done quite well, but others are down at this time. They are having their day now. You have to be patient. It is well run.

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Some of the forest products have done quite well, but others are down at this time. They are having their day now. You have to be patient. It is well run.

COMMENT
COMMENT
June 6, 2016

One of the better managed lumber companies. The difference between this and some of the big guys is that they have markets in the Far East as well as Canada and the US. However, the slowdown in the Chinese market has hurt them a little, but they are continuing to work on improving their cost structure and getting better. One of the better names.

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One of the better managed lumber companies. The difference between this and some of the big guys is that they have markets in the Far East as well as Canada and the US. However, the slowdown in the Chinese market has hurt them a little, but they are continuing to work on improving their cost structure and getting better. One of the better names.

COMMENT
COMMENT
June 3, 2016

Between November through to April, basically the run-up into the spring selling season, is when the demand for lumber is. Lumber and forestry stocks tend to go higher. They average about 60% gain between November and April. Even October tends to be a positive month. Technically it is now bumping up against resistance at about $2.35.

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Between November through to April, basically the run-up into the spring selling season, is when the demand for lumber is. Lumber and forestry stocks tend to go higher. They average about 60% gain between November and April. Even October tends to be a positive month. Technically it is now bumping up against resistance at about $2.35.

COMMENT
COMMENT
May 6, 2016

Produces lumber and logs. Very cheap stock and pays a nice dividend. He likes the sector, particularly in the US. Very good balance sheet with debt being about half of cash flow. Trading at 9X forward earnings. He likes this quite a lot.

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Produces lumber and logs. Very cheap stock and pays a nice dividend. He likes the sector, particularly in the US. Very good balance sheet with debt being about half of cash flow. Trading at 9X forward earnings. He likes this quite a lot.

BUY
BUY
March 15, 2016

(Market Call Minute.) Believes that seasonally we are coming through the summer to a couple of good quarters for lumber.

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(Market Call Minute.) Believes that seasonally we are coming through the summer to a couple of good quarters for lumber.

COMMENT
COMMENT
February 12, 2016

The forest products sector has very, very strong seasonality. The strength is from the middle of October through until the beginning of April. The longer-term trend is still on the upside. He is looking for it to continue to move higher. If you break the level from last fall, that is the key because you could have a spurt up to around $1.92.

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The forest products sector has very, very strong seasonality. The strength is from the middle of October through until the beginning of April. The longer-term trend is still on the upside. He is looking for it to continue to move higher. If you break the level from last fall, that is the key because you could have a spurt up to around $1.92.

COMMENT
COMMENT
January 25, 2016

Commodities are not acting well, but forest products should do well because US housing is showing some recovery. That is the positive side. This is cheap and can grow its EBITDA line. Fundamentals look good, however sentiment is awful. Also, people are not taking a plunge into buying a house or renovating, when they are worried about not getting a job if you are a millennial, or losing your job if you are a Boomer. A good name and there is no reason you couldn’t buy it today, other than finessing it a little, at a lower level.

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Commodities are not acting well, but forest products should do well because US housing is showing some recovery. That is the positive side. This is cheap and can grow its EBITDA line. Fundamentals look good, however sentiment is awful. Also, people are not taking a plunge into buying a house or renovating, when they are worried about not getting a job if you are a millennial, or losing your job if you are a Boomer. A good name and there is no reason you couldn’t buy it today, other than finessing it a little, at a lower level.

BUY
BUY
January 21, 2016

Growth outlook is good, and he believes it is really well positioned to the US and the weaker loonie. For some reason it just can’t seem to get out of its own way. Thinks the whole forest sector in Canada is a Buy. Most of them are selling into the US where they have high industry backlog and there is a really strong homebuilder confidence.

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Growth outlook is good, and he believes it is really well positioned to the US and the weaker loonie. For some reason it just can’t seem to get out of its own way. Thinks the whole forest sector in Canada is a Buy. Most of them are selling into the US where they have high industry backlog and there is a really strong homebuilder confidence.

BUY
BUY
January 19, 2016

You should be quite keen on owning this as it has quite a nice dividend and it is solid. There is no risk to the dividend. The forest product sector has been doing a little better. It seems to have a better complexion than all the other commodities. This has assets in the south and in Western Canada, and has US$ positioning. Good management.

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You should be quite keen on owning this as it has quite a nice dividend and it is solid. There is no risk to the dividend. The forest product sector has been doing a little better. It seems to have a better complexion than all the other commodities. This has assets in the south and in Western Canada, and has US$ positioning. Good management.

COMMENT
COMMENT
January 15, 2016

The forestry sector is cyclical. His favourite in this sector has always been West Fraser Timber (WFT-T). You have to understand that if you are going to make this kind of investment, you are going to have to deal with volatility. Companies that are in the resource sector are going to be a lot more volatile than consumer stocks. Currently this is a good story.

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The forestry sector is cyclical. His favourite in this sector has always been West Fraser Timber (WFT-T). You have to understand that if you are going to make this kind of investment, you are going to have to deal with volatility. Companies that are in the resource sector are going to be a lot more volatile than consumer stocks. Currently this is a good story.

COMMENT
COMMENT
January 6, 2016

Still believes that US housing is one of the bright spots, and lumber is not reflecting that. Lumber stocks are all really, really struggling, because the data such as GDP, interest rates, etc. are not good for home building and lumber. If you were going to make a contrarian play he would give lumber a shot. There is a risk here and possibly more downside.

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Still believes that US housing is one of the bright spots, and lumber is not reflecting that. Lumber stocks are all really, really struggling, because the data such as GDP, interest rates, etc. are not good for home building and lumber. If you were going to make a contrarian play he would give lumber a shot. There is a risk here and possibly more downside.

PAST TOP PICK
PAST TOP PICK
December 21, 2015

(Top Pick Jan 6/15, Down 11.43%) He still favours the lumber sector. It is one of the few commodities making higher lows.

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(Top Pick Jan 6/15, Down 11.43%) He still favours the lumber sector. It is one of the few commodities making higher lows.

COMMENT
COMMENT
October 13, 2015

Relatively cheap compared to the rest of the sector. They do have exposure to the US, but the China factor is sort of a negative psychological impact. Their last quarter was not great, and it has had to settle in to that. Lumber prices have started to improve recently. The balance sheet, compared to somebody like Norbord (NBD-T), is much, much stronger. They don’t have that much debt, so their ability to pay the dividend is much stronger than other companies. Wait for the cycle to have its big upswing and the stock should get into the mid-$2.

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Relatively cheap compared to the rest of the sector. They do have exposure to the US, but the China factor is sort of a negative psychological impact. Their last quarter was not great, and it has had to settle in to that. Lumber prices have started to improve recently. The balance sheet, compared to somebody like Norbord (NBD-T), is much, much stronger. They don’t have that much debt, so their ability to pay the dividend is much stronger than other companies. Wait for the cycle to have its big upswing and the stock should get into the mid-$2.

HOLD
HOLD
October 6, 2015

The story is compelling: Strong US housing, weak Canadian dollar. We are still in trend with this stock. 2014 to present has been a period of bullish congestion. Watch the sector. He thinks you will be fine.

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The story is compelling: Strong US housing, weak Canadian dollar. We are still in trend with this stock. 2014 to present has been a period of bullish congestion. Watch the sector. He thinks you will be fine.

DON'T BUY
DON'T BUY
September 30, 2015

It broke support but it was in late August. He discounts that because of market conditions. Wait and see if it can get back over the old support. At this point he would not touch it.

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It broke support but it was in late August. He discounts that because of market conditions. Wait and see if it can get back over the old support. At this point he would not touch it.

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