Eacom Timber Corporation ETRFF

RE: RE: Eacom Timber

[Canoutchie]

Gavitron - I cropped a part of your post below that I think summarizes best my point of view on ETR.
Also I agree with your hypothesis that while ETR won't see a direct impact from the Asian market, it may benefit indirectly, as you've highlighted below.

"... These companies are steadily diverting wood across the pond. So now forthe reason I'm all over Eacom. Mills have a maximum capapcity. Manymills shut down, for good, over the past couple years. So supply istight. And its getting tighter for the US. Sooo with all the BC lumberoff to sea, that leaves the US looking for suppliers. I'm hopeingthis means Eacom is going to end up with MORE ORDERS than they canpossibly fill. Eacom mills running at maximum production + high lumberprice ($300+) should = sweet results. "

For this reason - I believe the market is undervaluing ETR, which is why I'm buying right now.
Prices for lumber as a commodity appears to be approaching a bottom - so from here, upside vs. downside potential  is in a comfortable zone for my risk appetite.

I'm in the Toronto area, so folks here don't think much about lumber (i.e. as opposed to oil, metals, or technology).
In addition, the market in general seems to have fallen out of love with lumber.

However, as you pointed out, the population in the USA is not shrinking.
Sooner or later they will have to start building houses.
When they do - people will refocus on lumber.

Why try to chase the price then, for me it is a no-brainer to be accumulating now.
I'm trying to spread risk over a few companies.
I still have some WEF (sold 3/4), as well as my original NBD shares.
I'm just not accumulating any more of either of these just now.
However, you make a good point about WEF and cedar.

Cheers