Cyclical StockIn my 15+ years in stocks, i have seen this happened now 3 times.
In good economic times Canada's lumber stocks do very well,
In bad times they suffer, cut dividends, take on lots of debt and barely survive.
I bought some WEF shares on Friday for a recovery trade.
I will hold these shares until they hit 2.00-2.20 range
Assets are worth more than MC
Short covering happened last week
End of rising interest rates
lots of buyouts this year
All major catalysts for this stock
GLTA