RE:WEF price targets and expectations Ferrett - Great post and nicely written.
Ferrett- what people are talking about is nonsense and do not fully understand WEF as you apparently do.
What is extremely important is the fact that for most of last year there were strike and shutdowns of three of our plants. These plants are functioning at high levels. The price of lumber products is at near records levels with substantial supply issues. If tariff issue is resolved with US profits will sky rocket. Our 1rst quarter showed profit of I believe 8 cents and not all of our plants in full production. I believe that 4rth quarter will be fantastic . Fourth quarter is at end and individuals in the know already know what profit expectation for 4rth quarter.
WHAT THE MARKET IS TELLING HIM TODAY THAT INDIVIDUALS OR INSTITUTIONS ARE LOADING UP FOR NEXT YEAR ON BALANCE SHEETS. tAX SELLING OVER EFFECTIVE TODAY.
wHAT IS MARKET TELLING US TODAY.AVER DAILY VOLUME 700,831 AND WE HAVE TRADED 1.8 MILLION AS OF 2.00 pm TODAY .
wHAT IS MOST IMPORTANT WHEN VOLUME UP IS UP OR DOWN ON VOLUME. ANSWER IS UP UP.
Analysts such as Bnn know very little. It is stock up based upon individulas in the know.
$ 1.50 estimate is garbage by little informed people. Who cares reasons but buyer s want in.