RE:WEF -way undervaluedI agree that it's undervalued at this point, but imho looking at book value of ANY commodity stock is a mugs game, all commodity stocks are price takers not price makers. lumber and a lot of other commodities look good for the near to medium term but we all know how they cycle.
while you make a lot of valid points don't forget that wef is losing available timber to log so the company is actually shrinking in that sense. our ndp govt does not seem to be forestry friendly at all, I highly doubt we see anything near $4/s (unless Jimmy comes charging in with a takeover offer, lol)
wef does have lots of room to grow it's % of sales to higher north american markets and to expand on it's finished products, like they said they are doing some upgrading and expanding kiln drying capabilities (so they will be spending some of that extra cash flow on these things) .
I think it's quite possible at some point in maybe the next 6 months or so we see a special dividend paid out similar to what interfor just did. all in all things are very positive here for wef.
I don't see anyone complaining today about wef being up close to 5% today and the others flat to down a wee bit, lol!
cheers and gl ferret