Today, Michael Sprung commented about whether ENB-T, WN-T, SLF-T, PEY-T, BPY.UN-T, TD-T, WEF-T, IFP-T, WFG-T, AD-T, NFI-T, BB-T, ECA-T, HBM-T, PD-T, SLF-T, FTT-T, IPL-T, ATD.B-T, BAM.A-T, CAE-T, BCE-T, VET-T, RCI.B-T are stocks to buy or sell.
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.