RE:Let's see what this fav. ruling does to SPIt's not dead money, and even when we were egregiously subsidizing timber in the BC Interior when I was there, the industry got back 80% of what they paid. I was at the worst of the majors, a few weeks in, and they gave me maybe $5 as a bonus as the junior guy. (No divs were paid, but such is life at least it got me rolling).
For WEF given they historically haven't been hit by this it's certainly good news.
Futures might have put a spook in some trading today as it's been a good run, but needs to stop now. I'd be thrilled if it goes sideways. Danng that'll make us very rich if we get a few quarters of sideways pricing. If it drops down that's fair too, but there's enough tension in the chain and pent up R&R demand folks will pivot back to high consumption. My forecast is we average $650 for FY21 which would be ~$180 more than the greatest year in history.
Make sure to balance out holdings though, WEF has some torque but they do only make a billion feet. There are guys worth 1/3 that produce 2.5 more lumber like RFP. I'm shocked at how much I've made on this already, amplified by absurdly cheap calls.