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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Bullboard Posts
Post by ERTguyon Sep 27, 2017 5:43pm
105 Views
Post# 26750717

Lumber @ 395 after hours

Lumber @ 395 after hoursI have the lumber price chart attached below. The next test of historical resistence at 400 could be the big one, and This stock won’t stay at this level much longer IMO.  The market is punishing us short term based on the nonsense downgrade so we are lagging behind WFT and IFP and we should be testing our highs at 2.84 right now.   Based on the sector average P/E we are also currently undervalued by approximately 30% and with a sector average P/E of 15.1 this stock would be worth $3.47 a share.  The if lumber breaks the historical resistence it would just be icing on the cake here.  Cheers

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Bullboard Posts