RE:Earnings Forecast...The January norbord data was not inlcuded in WFG earnings results but it was in the report further down.
Norbord January had 277m sales and 86m earnings (USD).
So 6.96+(86m/119m shares outstanding=0.72)= 7.68 USD // 9.34 CAD
Then consider ~200m one time costs associated with merger (some of his is writedowns and not actual cash cost, need to see what they say on call today)
Add 1 new Georgia mill open and Quebec re-opening 1 mill at the end of Q1 will increase volumes in Q2 and beyond.
Q1 lumber price was ~940 and Q2 about ~1450 plus higher volumes(spring is building season and mangement cited Feb freeze as a transpotation issue). July lumber futures are actually at 1670 right now.
WFG also bought back 102M worth of shares between Feb 24 - March 31. If they continue to buy back shares in Q2 that will also increase EPS.
Q2 should be over CAD $15 EPS and maybe even close to $20...