2017 was a good year. Most metrics seemed to improved. Going from senior memory here.
Still debt free.
36 million in cash.
Liquidity up
log inventories up
margins up
average selling price $1,001/mfbm1
bought back 2.7 million shares
new facility in the US. Not sure if they lease or own it?
paid $15.8 million in export duties
Paid Operating restructuring costs of $14.4 million in 2017, due primarily to the indefinite curtailment of our Somass sawmill and closure of the Englewood train.
At December 31, 2017, the Company and its subsidiaries had unused non-capital tax losses carried forward totaling approximately $43.9 million, which expire between 2033 and 2037, and can be used to reduce taxable income. In addition, the Company has unused capital losses carried forward of approximately $96.3 million, which are available indefinitely.
Hard to find any fault considering the poor type of year it was for timber harvesting and the massive severence which was a one time thing. Western seems to be in a great position going into 2018....