Listened to the Conference call. great story unfolding imho.
The call was quite upbeat. I couldn't find a negative except for commodity lumber prices, which are out of the companies control and are expected to rise with the USA recovery. Productivity gains from mill modernization have increased by 20 to 30%. Record prices for their lumber now. Instead of buying mills and then shutting them down, as Interfor is getting famous for, they are growing production from within their own mills and within their current fiber basket at a very reasonable cost.. Next door to Western is TimberWest Forest, a huge suppliers of logs without a single sawmill. So Western, I would guess or surmise, or hope, should have access to some of their fiber basket as well. Fibre supply is not a problem going forward imo. This company is going from Triple A play into Major League Play. The Future looks bright. No reason to sell imho but lots of reason to buy in. Next year I suspect a dividend increase and share buybacks will be in th cards. All imho of course.