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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

Comment by KingFridayon Jan 08, 2021 11:43am
163 Views
Post# 32254137

RE:RE:RE:RE:RE:Analyst upgrades are iffy

RE:RE:RE:RE:RE:Analyst upgrades are iffy
The stike was the longest in BC Forestry sector history lasting 8 months. Much of the Inventory of logs were useless even when the workers were back to work they had rebuild inventory levels. Effectively the stike was a disaster for 4  fiscal quarters for WEF.

The amount of debt taken on and the amount of revenue loss was the number 1 reason we don't see the stock price above $2.00 now. WEF is a small cap that was greatly affected by this action. Covid hit and they had to shutdown and rebuild with less employees until new safety standards were implemented. More volatility on a small cap which is reflected in the share price today.

The majors on your list all benifit most from the current lumber prices as Western is a Specialty lumber producer that sells a large amount of products to the Asian markets. The Asian markets are slowly recovering now. I think saying really feel WEF has great days ahead and I feel it is the right team running it.
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