Post by
WindsorGuy on May 11, 2021 10:40am
Lumber prices
Lumber down today 3% and still up over 33% over the past month. Still very profitable. I believe the second quarter could exceed the first quarter. Excellent opportunity to buy IMHO. I did. GLTA
Comment by
sunshine7 on May 11, 2021 10:44am
Days like these really test the nerves. Reminder for what its worth, the TP increases are substantially higher than current SP. WFG likely trading at 2-3 times 2021 earnings, Which reminds me, when are they going to update earnings forecasts?
Comment by
WindsorGuy on May 11, 2021 11:49am
Solid earnings and oversold IMHO. Buy when others are fearful Lumber prices @ 1654.60 off the lows. Now if only the loonie would go down. If softwood tariffs are removed the company could receive a rebate of duties paid. GLTA