RE:RE:Lumber prices Nope, they are OK on pricing. Cedar is the superior product, but the TRX guys doing highly durable composites have been at their heels as a cheaper but decent substitute for ages. Don't give them an inch, and the market has not.
Commodity lumber is better as steel studs are tough to work with, need crew re training, and are still costlier than SPF or HF or SYP studs. Not by much as I understand, but it's why we won't likely see lumber at $1000 for any sustained period. We shouldn't. I think we can all have tremendous margins and remake the industry with commodity pricing where it is now.
So, this has been my point all along. Don is asleep at the switch with respect to expansion, diversification, and economies of scale. These is all inversely related to a NCIB and div though. Maybe CFP was right all along? Well no, that's rather extreme. But WFT and their modest div likely is.
I guess when it's all said and done, in a cedar price limited environment, with daunting capital costs to get into the commodity game, mean WEF is likey in the dust bin of history. It'll be a "coastal division" for whoever takes it over. No shame in that.
Is there a poison pill in place? If not, this could just get a hostile takeover at ~$2.00 which would be end of the road. Shoot maybe even less.