Western Forest Products Inc T.WEF

Logging roads....

[Picaxe70]

Sounds as if negotiations are still going... most I read was positive... little light on WEF offer for 2yrs compensation

[gobig69]

I predict the stock to go to 2.50 then longer term 5.00 when they get rumored for buy out.... Since real estate isso high these days they own so much waterfront..that alone may be worth more than the mills...

[frostback]

gobig, what amount of waterfront is owned outright by WEF and where is it located? Is this land industrial and part of the milling/processing operations or is there other lands that your referencing?

[dosperros]

I think the land sales have some upside but won't be a silver bullet. They reference this as "Additional Sources of Potential Liquidity" in the investor deck.  These are "Other non-core assets (Orca quarry, private timberlands, non-core lands) " https://www.westernforest.com/wp-content/uploads/2017/10/WFP-Investor-Presentation-August-2020-vFINAL-1.pdf Importantly

[bbwibone]

You don't need hidden assets to make a bull case for WEF. They could restart their dividend and share buyback program today but are choosing to reduce debt instead, which will be eliminated by the end of Q1 next year or so. Lumber prices have been moving back up for weeks now and are quite strong into next year. Inventories are very low. Interest rates will be low for years. It's all