RE:RE:RE:RE:RE:RE:Logs Louel as always great post.
That being said I'm assuming the reason they shut the mill down is because it was not profitable to keep it open? I'm sure any exisiting order book being produced through ladysmith would have been shifted to one of the other mills... May take a very small hit on revenue... but hopefully the increased efficiency at the other mills just means they can shift the existing order book to the now more efficient mills. Also nice to see them reopening ladysmith for the time being...
Judging by the action today on the markets people think WEF's results will be independent of CFPs... the downward swing today could be a result of the stregnthing CAD as oil prices and the CAD/USD were up today ... the price of the lumber players seem to be moving on currency over the last couple of weeks.
It will be interesting to see if Bank of Canada cuts rates again as many analysts are expecting them to do. If the Fed increases rates while BOC cuts rates it should lead to more stregnth for the USD vs CAD.
I would be shocked if there was a negative EPS or a dividend cut. I'm not ruling out a miss but negative EPS? I figure if they were going to cut or reduce the dividend they would've done so last quarter with they had an EPS of .01 if they were forecasting a weak Q4.... i'm sure they would factor this in. Seems unlikely. Hoping WEF's speciliaty products are showing some resilliance in the price they can command.
Please do your own due diligence all above is my own opinion. I am definitely biased!