RE:RE:BAM???Yeah it doesn't make much sense that lumber prices are going up but share price is going down. May lumber futures are about to close at $1500 and July futures are already at $1375.
On the plus side that means WFG is buying back shares at a P/E of ~5 once Q1 results are in and we know Q2 lumber pricing is 50% better than Q1.
WY reported today.... 30b company and had 2.5B of sales and 1.1B EBITDA
WFG will have better Q1 numbers than WY but a market cap of 1/3 of WY....
If BAM isn't out soon they will be and WFG buying back shares now on the cheap is going to be great in the longrun.
Everyone is waiting to see what the canadian lumber companies do with all their cash. The obvious one is to buyback shares now while they are extremely cheap but they are limited as to have fast they can gobble up shares based on volume averages.