This is just the beginning Resolute was the first to go.
I did not buy WFG into this morning news because i thought that Jimmy and especially the Ketcham
may not be sellers at these low ball prices.
But this sniffing around as just put the whole industry on sales.
These compny have never had such strong balance sheets in their history and have never been so
profitable.
Many canadian lumber company are worth double the price they are trading at right now.
I will say it again, while there is a short term slow down caused by high home prices and interest moving
up a bit, we are still in an under built situation and a lots of lumber will be needed in many years to
come.
We are just at the start of a long bull cycle for lumber.
That does not mean that stock won't go into short term correction phases like the one we are in
right now.
But patient investors will be rewarded big time.