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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is an integrated softwood forest products company. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing and wholesaling purchased lumber. Its product categories include Outdoor Living, Exterior Appearance, Interior Living, LIFESTYLE CEDAR, WFP Engineered Products and others. The Outdoor Living products include decking, timbers, outdoor structures and fencing products. The Exterior Appearance products include siding, trim and fascia, soffits, and door and window products. The LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. The Interior Living products include interior paneling, interior moldings, architectural millwork, and stair components. The WFP Engineered Products include Curved and Arched Glulam, Straight Glulam, Fabricated Trusses, Calvert GL3000 and Other Glulam Products.


TSX:WEF - Post by User

Bullboard Posts
Comment by Lumberfeverlongon May 09, 2014 10:32pm
304 Views
Post# 22546686

RE:RE:RE:Mr. Nocente elected to the Board.

RE:RE:RE:Mr. Nocente elected to the Board. Perhaps, but Brookfields will not be unloading much more common shares at this point.  They currently own 35.2% of the issued and outstanding common shares.  For them to be able to effectively block a hostile bid for the company and a subsequent squeeze-out transaction, they need to stay over 33.3%.  If all of the outstanding warrants are exercised, their position would decrease below 30%.  They may very well own warrants themselves that they might exercise to stay above 33.3%.  There is no way they are going to give up their ability to control negotiations with a third party wishing to buy the company.  In my opinion, there is something else going on with the stock.  It is either being played in each direction for short term profits or it is being manipulted for some other reason.  It is completely illogical for this stock to be trading at these multiples.  The company is in niche higher margin lines, is shielded from the mountain pine bettle and very diversified regarding its end markets.  Being on Vancouver Island also proved beneficial in light of the Vancouver Port Strike.  This stock really should be trading with a 15 to 18 PE mtultiple.  Even then, it would be trading at a mutiple far less than Interfor which is a pure lumber commodity play. Nocente and Demens need to get in front of financial reporters to get this message out more widely.
Bullboard Posts