RE: RE: No pop from earnings report Three things are likely affecting the stockprice to the negative:
1. BC election today. Uncertainty whether an NDP government will be friendly to resource businesses.
2. Lumber Price on the commodity boards is tanking... down another $10 today.
3. Seasonal factors. Seasonally both the price of lumber, as well as timber stocks tend to perform poorly from May to the September/October timeframe.
I trimmed a bit of my position, and reallocated some moneys into some thoroughly beaten up junior and midcap oil and gas producers. I agree that WEF-T may be underpriced, but not as much as some of these other stocks.
I've been a holder of WEF-T since the 30¢ level, and don't really plan on selling my core position in any serious fashion until this stock begins to trade in the $2.50 to $3.00 range. We are still in the early innings of a US Housing Recovery, but too many investors are still pre-occupied with a 2008 Lehman-type collapse, so the real upside in this stock price (and a host of other juniors and midcaps) is yet to come.
Just hang tight for the next few years!
