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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 canuckstockson Mar 14, 2024 6:53pm
134 Views
Post# 35933828

RE:RE:RE:WEF not buying?

RE:RE:RE:WEF not buying?

If they knew  lumber prices would crash and they'd lose money all next year, crashing their share price they probably would have held off. Easy to look in the rearview mirror and say it was dumb.  I would hope they bought back shares because consensus was that they were undervalued - at over $1..  but now that they took on like 85 million in debt to keep the business running (because they already spent their amazing profits on buybacks) im sure taking more debt for buybacks would be too risky for management now. Their priority would be keeping their wonderful jobs,avoiding bankruptcy, and buying shares individually. I see other lumber companies did the same thing - Interfor bought back tons of stock wayy higher than the share price now.    

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