Bullboard - Stock Discussion Forum Western Forest Products Inc T.WEF

Alternate Symbol(s): WFSTF

Forest Products Lumber & Wood Production

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... see more

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TSX:WEF - Post Discussion

Western Forest Products Inc > WEF not buying?

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Post by stockpunter2 on Mar 13, 2024 11:31pm

WEF not buying?

Management, most money magagers and retail investors all make the same mistake. They buy when things look great and SP is high. I'll try to find the refernce.

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Comment by firstgrowth99 on Mar 14, 2024 12:21am

SO IS TIME TO BUY NOW..NO DEBT FUTURE LOOKS OK..IS IT THE RATES MAYBE..NOBODY KNOWS MUCH ON HERE..

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Comment by stockpunter2 on Mar 14, 2024 8:45am

I agree with what you say and hope to buy WEF as soon as I free-up a bit of cash. However, I will point out that you or I buying this pig at a couple of bucks a share a few years ago is fundamentally no different than WEF management furiously buying back shares at share prices much higher than they are now. If they had been clever, they would have held cash in interest-bear ...more

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Comment by canuckstocks on Mar 14, 2024 6:53pm

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 ...more

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