WEF vs IFP.AJust wanted to know if there were any opinions about investing in Western Forest Products vs IFP.a It would seem that WEF is trading at about net book value, while IFP is actually below. So in my opinion, IFP may be a better value play.
But I am concerned about the management of IFP. I don't see a clear plan. They've reduced debt, but then they start a new mill. And now they close the mill. I know market situations change, but the management seems weaker than WEF. Maybe I'm wrong.
WEF on the other hand has huge ownership by Brookfield Asset Management, and I think they are pulling strings with management to get things going right. They are selling land to try to eliminate debt.
Why is it that when most people talk about forest companies, IFP, Canfor and West Fraser are mentioned, but we tend to overlook WEF?
Am I wrong?