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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
Comment by Dadsaid2on Nov 09, 2020 8:28am
97 Views
Post# 31861400

RE:RE:Alernatives

RE:RE:AlernativesGreat write up by dosperros with added humor and distain. Let me add investing in forest products companies requires a lot of research in other areas of the total industry and end use. Key areas to research and understand are: Housing starts(especially US starts), directly related to starts are big builders who publicly report like Lennar, NVR, Pulte etc. Next is lumber and panel pricing which changes daily but is published bi-weekly. Next is R&R trends (one way to monitor this is through companies like Home Depot and Lowes sales). Other factors that effect short term supply and demand are things like hurricanes, forest fires and rail strikes to name a few. These all affect demand and supply which brings me to the MOST important factor effecting companies share prices...PRODUCTION. At times these companies are their own worst enemies. They can ramp up production pretty quickly and presto too much supply brings the prices down dramatically sometimes in months. So my message is this, do your research and if you get a handle on these 5-6 key indicators you will.have a much better feel for when to buy cheap shares and sell profitable ones. Example I bought Norbord back in March at $ 15. Sold last Thursday at $48 and got 2 30cent dividends to boot. One more footnote is these same trends apply to big US forest companies like LP WEYCO etc so keep an eye on them as well. One last thing is diversify among product groups...softwood lumber, OSB, plywood etc. GLTA.
Bullboard Posts