RE:RE:BNN...DUMBYeah I thought he was a funny old man who really shouldn't have been asked a question on a company he doesn't know much about.
Initially saying WFG is trading at high multiples...then checks his other screen and clearly see's a P/E of 8 and immdieately backtracks saying well it looks cheap actually on a P/E basis but says price to book is 3.7 times which is supposed to be expensive and relevant somehow lol.
I don't know how he can even account for a correct price to book considering Q1 has a massive merger, 1billion in longterm debt repaid, mill re-opening and mill refurbishment, all time high lumber prices aka cash pile build and just has a lot going on.
The analysts that really study this sector are ahead of the game with recent and higher price targets. The rest will catch up on as earnings reports come out and lumber stays higher for longer.
May 7th Q1 reports we'll know where things stand plus have great guidance Q2.