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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Comment by astuteinon May 20, 2021 7:25pm
118 Views
Post# 33245628

RE:RE:WEF -way undervalued

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.

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