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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

Comment by canuckstockson Mar 14, 2024 6:53pm
122 Views
Post# 35933828

RE:RE:RE:WEF not buying?

RE:RE:RE:WEF not buying?

If they knew  lumber prices would crash and they'd lose money all next year, crashing their share price they probably would have held off. Easy to look in the rearview mirror and say it was dumb.  I would hope they bought back shares because consensus was that they were undervalued - at over $1..  but now that they took on like 85 million in debt to keep the business running (because they already spent their amazing profits on buybacks) im sure taking more debt for buybacks would be too risky for management now. Their priority would be keeping their wonderful jobs,avoiding bankruptcy, and buying shares individually. I see other lumber companies did the same thing - Interfor bought back tons of stock wayy higher than the share price now.    

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