Western Forest Products Inc T.WEF

Selling is Irrational

[geezer21]

WEF is the cheapest lumber producer with a p/e of just 3.4x earnings with increasing revenue in a market with historically elevated prices.

Why would anyone want to sell out of panic.   It is like throwing the baby out with the bath water.

Irrespective of the general market sell off is WEF will continue profitabiity and as soon as the panic reverses it will be sound resource companies like WEF that will quickly rebound and set new highs.

[dosperros]

Per CIBC's April 20th  "Q1/22 Forestry, Building Products & Packaging Preview" WEF is the 3rd cheapest lumber name based on multile of 2021 actuals. 1.8x.  I thught it was worth pullnig as I suspected your "cheapest" was a bit off.   Company Ticker 4/18/2022 Actual Canfor

[dosperros]

More helpful would be valuation vs. 2022 "consenus" which we know is weirdly low.  Table below; it's called "Exhibit 12: Forestry, Building Products & Packaging – EV/EBITDA Valuations, 2020 – 2023E".  I don't see any P/Es used these days as its outmoded and too easy to hide a big debt load in an industry that had to go to a 12-step program to shake it'

[geezer21]

Even better than the figure I posted and the second lowest on the list out of lowest spot by and insignificant percentage