RE:RE:WEF -way undervalued analyts are quick to overlook particular resons why WEFwent to . 68 cents last year . The perfect storm hit.
At time the pandemic uncertainty hit most of us longterm holders of WEF or those knew the facts were smart enough to know the main reasons why WEF fell in price.
There was a prolonged strike at WEF's mills shutting down our mills. We had no revenue coming in. Our debt was approx 130 million. There was concern WEF would be driven to restructuring and possible bankruptcy proceedings.
WEF had no choice but to cut and eliminate dividend.
The pandemic hit.
ALL of these factors have been dealt with including dividend re-instated, are debt free, and making good money.
Our shares today represent a better company than when our shares traded at $ 2.87 a few years ago.
Buying back share with NCIB, dividend re-instated and likely increased, no debt. Signed an 8 year labour deal with unions and signed deal with First Nations, making substantial profits and will continue to do so when prices drop which they will do.
All said things are GREAT AND WEF UNDERVALUED even if analyts don't want to see the new WEF.
I support view of $ 4.00value within next year and continue to increase my holdings since the $ .68 cent mark.
ALL IS GOOD , SIT TIGHT AND TAKE SOME PROFITS ON WAY UP.