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Western Forest Products Inc. (WFSTF)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.6000+0.0100 (+0.63%)
At close: 3:03PM EDT
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  • J
    Jou
    Can someone tells me why WEF stock is going down and down! even though we are close to the summer "quarter" where the sales should be sky high! does not make sense at all! any prediction? and shall I sell and limit my losses on "WEF"
  • A
    A different J
    Promising start but no volume follow through. Still above 2.20. No rejection yet. Yet. Hoping for uncharacteristically good outcomes in a typically negative month.
    Have a great weekend!
    Neutral
  • A
    A different J
    Perhaps it is not our time yet. September may offer some good sale prices after all. Deals are beginning to emerge.
  • G
    GH
    Glad to see this stock begin to rally. West Frazer doing the same. New housing starts looking for more affordable lumber, which is coming to market slowly but surely.
  • A
    A different J
    365,000 shares traded in the last moments of the day pushing us just above 2.20. I'm looking forward to tomorrow's open. Hoping for a gap up, retest, and up up up. It would be a nice way to finish the weekend at least.
  • P
    Paul
    Feeling very bullish here, about Western Forest's Q-3.... Might ought to step up & buy some $WFSTF calls. With the sell of the Port Alberni saw mill, the forest fires burning out west, and hurricane season ramping up in the G.O.M. (and on the east coast).... This might be an easy prediction to make. Oh, and no bad company news as well??!! How can the risk be any lower?

    A key mention in the Q-2 report:. They were working additional in order to supply. Is that still the case in Q-3??? Methinks that this lumber company is quite under-valued, and I also notice a bull chart forming up. Whether or not the s/p will hold up after the ex-dividend date? Well, we shall see.
    Bullish
  • A
    A different J
    Next we need a high volume open punching through 2.20 to validate an inverse H&S breakout.
    Neutral
  • A
    A different J
    2.04 is the bottom of a short term rising channel. Hopefully some support here. I have another trendline just below (1.93 today) which could offer the next step down or a touch off point should we not close higher today. A commenter on the stockhouse board mentioned that wood price had shot up yesterday but wef failed to follow. I don't have access to immediate spot prices so take that comment with a grain of salt. Good things are happening, seasonal strength coming. Share are being destroyed. Waiting game. Have a good Friday! Off to work now.
  • S
    Steve
    Futures appear to of hit its bottom and are looking to make a run again. I’d expect some good movement here over the next while
    Bullish
  • P
    Paul
    Louisiana, Mississippi, Alabama, Tennessee.... All of these states, and maybe even Texas, Georgia & Kentucky will be needing "lumber". ALOT OF LUMBER. Truckloads of it. I do not see how all logging and distribution stocks will not go up in value after this monster hurricane (and the tornadoes that it shall spin off) pass through. The price for wood will go up, and truckloads of lumber will be sent to the south. I hope everyone gets through it okay, but realistically speaking: With 190 mph wind gusts, and the flooding thereof... There is going to be ALOT of damage. It is what it is.
    Bullish
  • A
    A different J
    Someone bought a buttload through Scotia capital at the end of day
  • P
    Paul
    Lowes Hardware & Home Depot (both) beat their Street estimates in EPS and revenues. Additionally, the North American forest fire map shows fires mostly ablaze in the states of Washington, Oregon, Montana and northern California. Isn't that where Western Forest's lumber is more likely to be sold at??? Those people suffering housing and apartment losses will obviously experience rebuilds.
    Bullish
  • G
    GH
    Housing crisis everywhere. Building will pick up with the infrastructure bill in the states. And Trudeau may release some of the infrastructure funds he promised when he was elected 6 years ago, but didn’t pay out, as his popularity fades. Lumber prices coming down, so fall/winter home reno’s also being planned.
  • A
    Anonymous
    great to see the sp climbing after the ex-dividend date
    Bullish
  • G
    GH
  • M
    Mark
    "Net income in the second quarter of 2021 was $78.3 million ($0.21 per diluted share), as compared to net income of $8.5 million ($0.02 per diluted share) for the second quarter of 2020 and net income of $53.8 million ($0.14 per diluted share) in the first quarter of 2021."

    $0.21 profit per share is great, beating the $0.17 expected. I initially bought into WEF as a short term hold, but with another round of share buybacks over the next year (~8% of shares), now makes more sense for me to hold long term. Lumber prices won't be as crazy going forward, but even around $500 they should make some decent profit.
  • A
    A different J
    My previous post was deleted. 5 million more shares gone 👍. See the info at canadianinsider.
  • A
    A different J
    August 6. Raymond James maintained "outperform" rating with a target price of $3 CAD.
    My personal experience in viewing RJ is they tend to be a little high with their targets but their conviction helps others build confidence at least.
  • G
    GH
    More money in the bank with the sale of the Port Alberti saw mill.
  • A
    A different J
    Watching to see the SP reaction on Lundin mining today. I know of course it is not directly related, but, it has just gone through very similar movements recently and has been affected by many similar market forces. They announced earnings (beat)last night coupled with a special dividend.
    It is in the base metals sector of course but from a business perspective (and potential taxation/government forces) there has been a similarities between these two lately.
    Stable source of supply, labour issues dealt with, low/no debt, commodity, conservative mature management style,,,,,,
    Just looking for some potential insight