RE:RE:Toll BrothersThat's an interesting article -- the best housing sit in 30 years is compelling. I hadn't expected him to say better than '06... wow. By extension, I think we see the best lumber market since... ever. Inflation adjust '92 with the owls and whatnot had a good spike, but not up for this high for this long.
Valuing WFT in this market means 2018 highs are tablestakes now. So $96 or so. We might even get that by Christmas. Why should this industry dominating beast not trade at ATH in these conditinos? t's a better market and stronger company. Come 2021 OSB synergies then kick-in and you have WFT v.2.0 trading more as a "building material" play. I can't see them earning less than $2 billion annually should lumber and panels stay around $500/$400, Can double if we see current conditions not moderate. A 9x on $2B over the diluted 122M shares or whatever is over $147/share. That's my Q3-2021 take.