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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 bbwiboneon Feb 18, 2021 1:37am
116 Views
Post# 32593004

RE:Comment on lumber markets - Not all prices have spiked

RE:Comment on lumber markets - Not all prices have spikedExcellent post. WEF has not seen the margin expansion of the commodity producers. But their lumber prices are still up. Are there any products that they sell that are cheaper than 2018 when the stock traded as high as $2.60+? And the benefit of the specialty lumber is that you have more downside protection if lumber demand actually dissipates and prices crash - WEF would still be trading to a discount to more normalized prices. That is why this was such no-brainer as it traded for less than $1 for most of 2020. $2 fair value for a drop in lumber prices from here, $2.50-$3 is a better range given where the business is today, so plenty of upside as we are only 60% of the way to the ATH. I have 150k shares from last year and enjoying the ride.
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