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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

Post by ferret_caon Feb 19, 2021 11:39am
192 Views
Post# 32609850

great quarter

great quarternice to see the divy back, I definitelywasn't expecting it for another q or 2 but being retired it's obviously great to see.

earnings were very good and the debt reduction was more than very good, imho, lol.

I won't be selling any shares for at least a few more q's unless lumber prices crater which I don't think is of any concern for a while yet.

be careful on extrapolating the .09 / sh  earnings going forward as it looks to me like a couple of cents are coming from the recovery of the export tax (adjusted ebitda was 71.1m with 31.6m coming from this recovery tax)  so this won't happen every q.  I could be wrong in this being part of the .09 eps .

lots of goodies this, debt down 50m to very reasonable level and no longer of any real concern, we got the divy back and if lumber remains robust chould increase a bit, anlaysts will be scrambling to ugrade projections, also this q should put us more on the radar of companies looking for aquisitions and private equity groups. We should easily get to the next resistance level in the low 1.80's, maybe a pit stop there to consolidate a bit and then onwards thru 2+ imho.

doing my happy dance this morning,lol.

cheers and gl ferret
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