RE:WEF investors bailing?
It was just a jerk knee reaction to general sell off in the markets today. There are WEF shareholders not on Stockhouse unlike savvy shareholders on Stockhouse monitoring WEF and doing due deligence.
The fundamentals for WEF are strong and improving. WEF is making bundles. Expect a dividend rise in the next distribution.
WEF shifted to higher margin specialty lumber increased to 56% from 40%
WEF shifted to higher margin export out side NA increased to 57% from 28% in Q3 '21.
Current duty rates dropped to 17.91% and with further reduction expected and WEF is avoiding a lot of those duties shifting exports out of NA and with plants in the United States.
$151 million in duties on deposit. (40.4 million included as long-term receivable)
10% NCIB again for 2022
Housing starts continue to rise in the U.S. and Japan. Russia locked out of Japan.
2021 Cash Flow Jumped to $282 million
Dividend payout of $14 milllion and share repurchase of $97 million
$2.11 price to EBITA. 1.1 x book.