Western Forest Products Inc.

WEF-T

TSE:WEF

2.25
0.02 (0.67%)
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
Chart
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.

Don Vialoux
Price
$1.920
Owned
Unknown
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.

John Stephenson
Price
$1.890
Owned
Unknown
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.

Greg Newman
Price
$1.880
Owned
Unknown
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.

James Telfser
Price
$2.130
Owned
Unknown
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.

Bill Carrigan
Price
$2.230
Owned
Yes
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.

Peter Hodson
Price
$1.920
Owned
No
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.

Bill Carrigan
Price
$1.840
Owned
Unknown
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.

Keith Richards
Price
$1.800
Owned
Unknown
WEAK BUY
WEAK BUY
September 28, 2015

This is one name you could consider. Most of these are dependent on US housing, which is depressed from where it was but is certainly coming up. You have a very bad macro economic backdrop where people are questioning global growth. But overall this and US housing are looking better than they have in a long time.

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This is one name you could consider. Most of these are dependent on US housing, which is depressed from where it was but is certainly coming up. You have a very bad macro economic backdrop where people are questioning global growth. But overall this and US housing are looking better than they have in a long time.

John Stephenson
Price
$1.710
Owned
Unknown
COMMENT
COMMENT
September 22, 2015

Lumber prices in general have been turning down. There is a little bit of uncertainty about growth in China, and Japan a little bit. Single family home starts in the US, the driver for lumber demand, haven’t really rebounded to the post crisis lows. Also, the softwood lumber agreement is coming up for expiry. Lumber stocks can be very sensitive to those issues. A quality company. Earnings last quarter were pretty good. They did a lot of specialty sales. Not a bad holding.

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Lumber prices in general have been turning down. There is a little bit of uncertainty about growth in China, and Japan a little bit. Single family home starts in the US, the driver for lumber demand, haven’t really rebounded to the post crisis lows. Also, the softwood lumber agreement is coming up for expiry. Lumber stocks can be very sensitive to those issues. A quality company. Earnings last quarter were pretty good. They did a lot of specialty sales. Not a bad holding.

Todd Johnson
Price
$1.690
Owned
No
WATCH
WATCH
September 21, 2015

It is a bit small and less liquid than what he normally buys. Lumber prices are low, but US housing prices are recovering. They have exposure to Asia and there are concerns about weakness in lumber prices. If the US continues to grow and expand they may do well. He is actually looking at stocks in this sector.

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It is a bit small and less liquid than what he normally buys. Lumber prices are low, but US housing prices are recovering. They have exposure to Asia and there are concerns about weakness in lumber prices. If the US continues to grow and expand they may do well. He is actually looking at stocks in this sector.

Jeff Young
Price
$1.660
Owned
No
HOLD
HOLD
September 15, 2015

This is one where you don’t just look at the stock, but you have to look at the sector in general. If you have enough, you are probably better off sitting with it.

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This is one where you don’t just look at the stock, but you have to look at the sector in general. If you have enough, you are probably better off sitting with it.

PAST TOP PICK
PAST TOP PICK
September 14, 2015

(A Top Pick Sept 13/14. Down 24.49%.) This will be a beneficiary of the US housing story. The company itself hasn’t had a big stumble, but the group is down as prices haven’t rebounded so far this year to where he would like. 4% yield and you get paid while you wait.

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(A Top Pick Sept 13/14. Down 24.49%.) This will be a beneficiary of the US housing story. The company itself hasn’t had a big stumble, but the group is down as prices haven’t rebounded so far this year to where he would like. 4% yield and you get paid while you wait.

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