Reason why WEF off today Lumber stocks were all off today in morning due to yesterday drop in futures at limit.
WestFraser timber today was down 6.40 or6.13% at noon today. Using WEF 6.13 % would be off .13 cents but yet we are down .08.
The general market has taken into accounts special WEF circumstances such as facts that one year ago our mills were on strike,WEF had no income coming in with high debt so it had to cut divdend.
Situation now is excellent.and will show in Q! and Q2. We may be debt free, dividend re-instated last quarter at .01 and I hope back to 2 cents per quarter ,record quarterly profits, supply cannot meet demand fo rforeseable future..
So I am increasing my holdings regardless of what analyts say. Individual on Bnn stated West Fraser is not a good buy and overpriced and probabily would say say for WEF..
WEF never been better than today.