Western Forest Products Inc T.WEF

Teal Linde - BNN - WATCH

[Possibleidiot01]

WATCH

Western Forest Products Inc.(WEF-T)

17/06/2024

 

Some insider buying. Trades at 0.16x sales, about half as much as CFP or IFP. Money-losing right now. Specialty wood products, typically higher margin and more profitable. But not anymore, related to housing market being slow. Cut dividend to protect balance sheet, so company's now pretty secure.

A great turnaround stock with upside once US interest rates come down and housing activity starts to come back. He's keeping a close eye on it.

west coast forestry

 

$0.493

Not owned

[Patriarch]

Bay Street will pounce soon.  When they do it will pop.  Check the historical action on wef.  It's like clockwork.  Im buying at these crazy levels. 

[willyk3]

I think that's a smart move. Did u get the feeling that Teal was holding back... maybe he needs to get his fill...before he calls this a screaming buy.  On the flip side..perhaps North America slips into a real recession in which case we have much longer to wait but parking some cash into this unloved stock seems like it's just a matter of waiiing it out. If rates are 3 per cent

[SPIKEKNOT69]

NOBODY KNOWS..YOU NEED CHANGE IN POWER..YOU NEED TO HAVE HELP IN CLAIMING BACK THE INDUSTRY..MAYBE THE GOVERNMENT FEELS THE LOSS OF BIG REVENUE...