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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 bbwiboneon Nov 09, 2021 11:16am
151 Views
Post# 34104909

RE:RE:RE:Sold most of my shares

RE:RE:RE:Sold most of my sharesDon't get me wrong, I like the company and the value. Even with a 30% cut in revenue, WEF is decent value at $1.92. But I have just been investing too long to know that institutions sell first and ask questions later and an overreaction is a high risk with all of the risk to the downside. The stock is actually holding up reasonably well but I made too much money on my 150,000 shares to hold. Would buy back at current levels with more certainty but would buy back at lower levels even with uncertainty. I doubt it reaches $1 again but it wouldn't have to drop that far before I would be a buyer again for a suitable risk/reward. Good luck to all out there.
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