RE:RE:Toll BrothersGood morning Kojacks88,
WFT being my biggest position, my views are certainly bias.
That being said,i do honnestly beleive that WFT will trade at more than $100 in 2021.
My knowledge of the industry is minimal.I only go by the financials.
I am a value investor.
Dosperros seems to be very knowledgeable about this industry.
His post are often very enlightening.
I don't know if WFT will get to his 2 billion prediction
but from all i have read in the outlook from many,many company, 2021 is shaping up to be
extremely strong. So if prices do stay in the $450-$625 range, i can see WFT making
something like $13 to $16 / share in 2021.
The US listing could give a lift to the p/e multiple.
So at a low 7.7 you get to $100 to $123.Can you imagine a p/e of 8, 9 or more...
There is just to much tail wind for the lumber industry to keep the stock at dirt cheap levels.
That does not mean that lumber stocks will go up every day/week.
I said it many time before, it's a process.Stock go up,then profit taking kicks in and
eventually you get the next leg up.
Look at any winning stocks, it's only over many many months if not years that you make
"SERIOUS" $$$.Then again you need to pick the right horses.
Good and bad humor, fear and gread all come in in the short term.
But if you are like me and are an investor instead of a gambler then,
i beleive you should be rewarded big time for you patience.
Warren Buffet and the likes did not get wealthy over night.
Good luck with all of your investments and take care