Commodity Lumber US$331.50 Lumber prices have been rising everyday lately. Today it hit US dollar $331.50.
The WEF share price is much lower today then it was when lumber was under UD$$290.
With higher lumber prices and a low Canadian dollar the company must be coining a lot of cash thee days. One of two things should happen. Either the comapny gets sold, or the share price rises. It won't stay down here for very much longer imho. Plus the summer weather has been terrific for logging on the Island too. It will be interesting to see what the Q2 production number turned out to be.