| Comment | 12.400 | Sandy McIntyre | Balance sheet issue but great asset base. Customers are domestically US housing and specialty grades for Japan, which is in recession. Looks like a cyclical trough for this asset. If there’s enough bad news, it’s the kind of asset he would come back to. | 2008-08-15 | |
| DON'T BUY | 16.150 | Chris Rankin, MBA, CFA | Forest products
Very cautious on it.
| 2007-06-08 | |
| DON'T BUY | 18.240 | Sandy McIntyre | Almost fully out of this one. Likes the asset and the capital structure, but too expensive. Would like it at $13.50. | 2007-04-13 | |
| DON'T BUY | 18.240 | Bill Harris, CFA | Expensive based on existing earnings. Needs to be taken out. If it doesn't, it just has to go down. Good assets. | 2007-04-13 | |
| HOLD | 18.820 | Paul Gardner, CFA | Own real estate on Vancouver Island that can be sold to developers. 5.8% yield. Not affected by the softwood lumber agreement. | 2007-03-19 | |
| HOLD | 17.120 | Michael Simpson, CFA | Has a lot of excess real estate. They've been funding their distribution by selling excess real estate. Not a concern in the short term. A lot of their logs go into US housing. | 2007-02-23 | |
| HOLD | 14.960 | Michael Decter | Held up remarkably well through the trust problems. 2 plays to this one, 1) the trees and 2) land. Expect the perceived value of the real estate has held it up. Probably a decent thing to own over the medium-term. 7.5% yield. | 2006-11-24 | |
| BUY on WEAKNESS | 14.240 | Paul Harris, CFA | It's a renewable resource (lumber). Good economic growth, steady cash flow. Buy around $12. | 2006-09-26 | |
| BUY | 14.950 | Michael Sprung | Brascan's interests in timber lands could be positive for this company. Worth a good look. There are a number of issues facing the lumber industry and if they get resolved, this company could be a big beneficiary. A well managed company. | 2005-06-24 | |
| HOLD | 14.670 | Blair Wilson | Have a 2 sector perform recommendation (neutral). With the distribution, you have a positive rate of return. | 2004-11-26 | |
| PAST TOP PICK | 14.800 | Bill Harris, CFA | (A Top Pick Jun 4/04. Up 9%.) Getting close to his fair value and sold some, but still likes. | 2004-10-29 | |
| BUY | 13.250 | Charles Dillingham | A lot if its business is with Japan. Unique in that it owns its own properties. Very good numbers. | 2004-08-20 | |
| HOLD | 13.070 | Ben Cheng | Has been undergoing some change and moving towards a more purer timber management company. Expects timber and lumber prices to remain quite high. Any uptick in the Japan housing market will be quite good for them. | 2004-07-15 | |
| BUY | 13.390 | Glenn MacNeill, P.Eng. | Will be affected by the resolution of the price in dispute between US and Canada. Has some excellent assets. Has some room to run. | 2004-06-25 | |
| TOP PICK | 13.360 | Bill Harris, CFA | (A top pick Feb 16/04. Down 4.3%.) Have settled the labor dispute on the West Coast. There may be a softwood lumber agreement this fall. | 2004-06-04 | |
| TOP PICK | 12.690 | Bill Harris, CFA | Should benefit from the softwood lumber reconciliation. Very good hard assets. | 2004-02-16 | |
| BUY | 11.850 | Sandy McIntyre | High quality, long duration asset. Yield is in the 8% area. | 2003-05-07 | |
| PAST TOP PICK | 12.590 | Glenn Paradis, BA, CFA | (Was a top pick on July 19. Down 7%) Still likes. Great assets. 8% dividend. | 2002-09-12 | |
| TOP PICK | 12.950 | Glenn Paradis, BA, CFA | Excellent asset base. Good price. | 2002-07-19 | |
| DON'T BUY | 13.350 | Ben Cheng | Good properties. A lot of their customers are in the far east which is still in economic difficulties. | 2002-07-12 | |
| TOP PICK | 13.750 | Mark Jackson, CFA | 8% yield. Strong housing market. | 2002-07-09 | |
| TOP PICK | 14.000 | Glenn Paradis, BA, CFA | This pick was based on a global economic recovery. Good assets. 8% yield. | 2002-06-27 | |
| HOLD | 13.160 | Sandy McIntyre | Great asset bases. Lumber dispute is holding back prices. | 2002-05-03 | |
| BUY | 12.650 | Ben Cheng | Has fantastic property. Japanese housing market is improving. Economically sensitive. | 2002-04-16 | |
| BUY | 13.600 | John Priestman | Good assets. 100% taxable. | 2002-03-19 | |
| BUY | 13.500 | Bill Shaw | 9% yield. Still has room to go up. Solid revenues. | 2002-01-18 | |
| BUY | 12.150 | Bill Shaw | Good revenue. Cash yield about 10%. | 2001-08-16 | |
| BUY | 12.250 | Bill Shaw | Good assets. Well managed. Very stable. Yield 9/10%. | 2001-06-26 | |
| DON'T BUY | 12.350 | Sandy McIntyre | Good asset base. Logging on Vancouver Islands is a political issue. Look at others. | 2001-06-19 | |
| TOP PICK | 10.650 | David Goodman | Owns timber lands on Vancouver Island so asset is non-depleting. Pays out $1 and since stock trades around $10, you get a 10% return | 2001-01-22 | |
| TOP PICK | 11.000 | David Goodman | 10% per year dividends. Prices down now because of timber prices | 2000-10-02 | |
Experts that have talked about Timberwest Forest
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