RE:Credit SuisseMore details. GLTA
“Forest product stocks are notoriously cyclical and often with rather accentuated moves – in both directions and the ‘perfect timing’ is typically elusive,” said Mr. Kuske. “Rate moves in H2 2023 (potentially declining) along with the current housing price compression bode well for affordability and return to improved prices and solid wood demand.
“We believe West Fraser has an enviable position in both lumber and OSB markets; however, pricing and housing dynamics are not currently overly supportive.”