West Fraser Timber Co Ltd T.WFG

Anyone else buying at these levels?

[Kojacks88]

Bought a little more at $87, will buy more if it continues to drop before Q2
should of dropped more with Dad Said back in May.  

Futures just need to stop whip sawing and settle.  Still well above $500 perbf in 2018.  And they say that is the new bottom!

[Kojacks88]

Apologies, meant to say sold more back in May to buy back in.

[Tothemoon2]

Full position for me here.  Bought a little Interfor today.  West Fraser is certainly a buyer. GLTA

[Dadsaid2]

It seems the lumber companies are in a bit of a pickle. Obviously Q2 results are going to break records by 3-4 times and they will need Suncor dumptrucks to move the cash to the bank. Seriously with the lumber and OSB prices in Q2 WFG will still have 2 Billion in cash after paying off 675 million in debt, buying a bunch of shares back and spending more on cap ex. But the share price is falling

[Kojacks88]

How the U.S. Ran Out of Homes for Sale  https://www.bloomberg.com/news/articles/2021-06-07/how-the-u-s-ran-out-of-homes-for-sale

[DivChain]

I thought WFG was reporting Q2 towards last week of July? I have large enough position for now but if it keeps dropping Im definitely buying in July. We havent even seen the imigration spike in N.A comimng in 2022 & beyond once pandemic travel restrictions settle down. The construction demand from first time buyers & ABNB investors is still high.

[Frost19]

At least we know WFG is buying WFG shares... lots of them :) I agree with what Dad wrote. It is a bit awkward for the share price to be going down when lumber is at 1000+ even though it's down from the peak. I think it will stabalize soon enough and so will the share price. I think the big catalyst will be a pattern on buybacks and then Q2 earnings. If WFG keep buying 700k plus shares per

[Kojacks88]

Correct Q2 is end of July Interfor is first week of Aug 

[retiredcf]

Meanwhile, West Fraser Timber (TSX and NYSE: WFG) announced an increase in the quarterly dividend to C$0.25 per share and an increase in the company's authorization to purchase up to 9,582,470 of its common shares