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Weyerhaeuser Co. Message Board

  • robert_townsend2 robert_townsend2 Dec 17, 2010 6:44 PM Flag

    Lumber prices

    Lumber prices are on fire. At this price WY will be very profitable in 2011.

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    • I'm not arguing for or against Weyerhauser as a former employer. What I don't get is why you are spending the precious time you have on this earth nursing a vendetta on a stock message board. Honestly, I don't get it.

      Living well truly is the best revenge. To presage, not to avenge. Best of luck.

    • I don't work for Weyerhaeuser now but I did for 20 years and you don't know what you are talking about. Most everything they say here is true. It was true when I was there and it's true now only worse. What they have done to their employees is terrible.

    • "...Firing all the good soldiers (just because they are close to qualifying for pension or have medical issues that strain the WY med insurance costs)..."

      Isn't that illegal? Can't that be addressed at the Board meetings?
      If nothing is done, the shareholders get fleeced. Look what happened at Bell, California!!! I know I'm comparing a city to a corporation nevertheless, the analogy has merit.

    • On fire? Where do you get your information? Prices are still way below where they were in 2007-08, and below break even rates for most mills.

      • 2 Replies to rlp2451
      • I dont know what world you are living in but lumber prices bottomed around in the mid 130's(mill)last year and are now nearing 300. Many producers have been making money check out companies like West Frasier. You can check out prices from the last few years and the next year by looking at futures on the CME.

      • Lumber prices won't pick up to where mills can be profitable until demand picks up. And that won't happen until people start finding jobs and building up their savings again. At least two to five more years. For those that got foreclosed and lost their house, it will be 10 more years before they can get the loan for another. They'll be living at grandmas for quite awhile and won't be doing any remodeling, building decks, fences, etc. Right now, the Chinese demand is holding up the lumber and log prices. But that is starting to fade. And with WY's inept management team still in place and the fact that they fire all the good workers and sales people, WY Wood Products will only continue to lose millions and millions every quarter.

    • Wait until the Street realizes how much renovation and repair is being done on those foreclosures. People aren't going to live doubled up and in their parents' basements forever.

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