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West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s):  WFG

Forest Products Lumber & Wood Production
West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.


TSX:WFG - Post by User

West Fraser Timber Co Ltd > TD Upgrade
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Comment by Frost19on May 28, 2021 12:01pm
84 Views
Post# 33286368

RE:RE:RE:RE:RE:RE:RE:RE:TD Upgrade

RE:RE:RE:RE:RE:RE:RE:RE:TD UpgradeHey Life, 

It's the currency covertion. WFG reported Q1 in USD and yahoo fiance changed projections to USD a couple weeks ago. 

So current 10.16 projection is USD (I think the last 3 changes were USD - I noticed because one day it was lower but then I saw the currency at bottom changed from CAD to USD).

The BNN guest analyst in April was saying WFG was producing $5/share per month or $15 per quarter at these prices which were in the $1300 range at the time.

Not crazy that they would be over $15 share CAD since lumber prices did hit $1600+ for awhile and plywood even higher. 

If they keep buying back shares at last week's rate of 0.4% per week that will boost EPS nicely also going forward. They have over 600m shares to delete now.

When a company buys back shares and offically deletes them, does the share price increase by the percentage of shares deleted? The opposite of an ex div day I guess? 
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