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West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s):  WFG

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.


TSX:WFG - Post by User

Post by Dadsaid2on Mar 22, 2021 8:11am
189 Views
Post# 32848800

BAM & cash

BAM & cashAs l said several times before the only reason BAM signed off on the Norbord takeover was CASH. I thought a Norbord special dividend was in the cards as BAM wanted or needed their share of that Q4 profit at OSB. I was confused and disappointed when they didn't pay out but it kinda make sense now. Both OSB & WFT share price increased and BAM won on that front. Then the new company WFG announced a pretty large share buy back plan and surprise surprise..BAM is selling. So they (BAM) are getting their needed cash for their next move anyway. That's the way the big world works. As for the little investor like me this is a bit of a blessing. I planned on selling WFG and moving on. Sold some at $94.5 and a bit more at 99 with more on offer at 105. This recent pull back has calmed my emotions and made me rethink what's happening. Given the realities of the company that desp & life have pointed out in not so short form, l have actually bought back most of my shares in the low 80's and will wait for Q1 results to blow the lid if the profit pot. Hopefully they increase the dividend and if WFG doesn't hit $100 then l may lose my sht then. But lm willing to wait... GLTA
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