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West Fraser Timber Stock Symbol: WFT-T

Last Price Recorded: $57.5500 on 2015-08-03

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Date Signal Expert Opinion Price
2015-07-31 COMMENT David Cockfield

Was positive on the lumber sector about a year ago, and then various things happened. The Russian ruble went into the tank, so timber became much more competitive. Also, slowdowns in China. On the US side, we are coming to a point where the housing sector is really going to run, so thinks the forest product stocks in general in Canada are probably worth looking at. Timing is probably good for the stocks.


Price:
$57.550
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2015-07-28 COMMENT Bill Harris, CFA

This company has a big market in Asia and the Asia market rolled over. A very difficult business to be in. Over the last 2 years, they were expensive. They are now coming back into that territory. You really want to buy them when they are almost bankrupt, and then you are kind of rolling the dice that they make it through. This is an extremely high quality company. He hasn’t figured out the dollar figure for an entry point yet. This would be his favourite name in this sector.


Price:
$56.880
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-04-10 COMMENT David Cockfield

This is a tricky area. He is not in the forest products side at all, but watching it closely. The real problem is that the demand for various parts of their business, both lumber and logs, tends to fluctuate. For a while Asians were big buyers of logs, but that has fallen off because the Russians are cutting prices. Also, US housing starts have been on-again off-again. He is reasonably convinced that the US housing starts are going to start to show the kind of growth that he expected a few years ago.


Price:
$61.560
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2015-04-07 COMMENT Genevieve Roch-Decter

Largest producer of lumber in BC. They are going to benefit from a low Cdn$. The company is also investing quite a bit in operations over the next few years, to modernize their sawmills. That is supposed to be driving 20%-30% EBITDA growth over the next few years.


Price:
$60.490
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-03-26 WATCH Jeff Young

Move from Energy to Timber?  You are moving from one cyclical to another but the factors are different.  It is related to US housing and some Chinese buying.  WFT-T is his favourite.  He is looking to reenter it.


Price:
$65.310
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-24 HOLD Barry Schwartz

The reason to own this is if you believe the US housing market is normalizing and will show more growth, the Canadian housing market continues to show good growth along with demand from Asia. He sees potential for these companies to show more growth. The Cdn$ is dropping, which makes the price of lumber more attractive. There is potential for rising dividends. A good place to be.


Price:
$73.300
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2015-02-17 COMMENT Colin Stewart

He likes the lumber industry overall, but prefers Western Forest Products (WEF-T) or Interfor Corp (IFP-T). This is one of the largest Canadian lumber producers with operations in BC, Alberta as well as the US south. Conservatively run business and a strong balance sheet. There is perhaps more upside and more chance of an M&A activity in some of the smaller capitalization lumber companies,. This also has some pulp exposure.


Price:
$74.570
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2015-02-04 BUY Peter Hodson

Really likes the company.  He doesn’t do a lot of resource stocks, but this is a solid company, one of the best in the sector.  It is safer than others in the sector.  The sector is going to be okay.  It is cheap enough that you can still make money after the bounce.  As a sector play you don’t get much better than this one.


Price:
$72.410
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2014-09-26 BUY Bill Carrigan

Thinks the whole sector is surprisingly positive, but he doesn’t know why.  When he looks at lumber over the long term, it is one of the few commodities that is basing.  There is no sign of a top with WFT-T.  He thinks it will go surprisingly higher.


Price:
$53.980
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2014-06-19 TOP PICK Rob Stabile

The largest lumber stock and so the safest.  The most advanced mills, so will help with operating costs.  Diversified geographically in North America.  Stand to generate significant cash flow when lumber prices go up, but could go sideways for a while.


Price:
$50.180
Subject:
CANADIAN
Bias:
BULLISH ON ENERGY INFRASTRUCTURE
Owned:
Yes
2014-06-11 COMMENT Bruce Campbell (1)

Had a nice run last year and early this year. Lumber is seasonally weak over the summer, and they try to get things going before the winter comes on. We are probably still seeing signs in the US that housing starts are okay. This is probably okay.


Price:
$49.510
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
No
2014-06-02 DON'T BUY John Zechner

You can expect another leg up in US housing.  Lumber is still oversupplied right now.  He doesn’t own any of them right now.  Likes US housing, but prefers playing through US financials.  He has TCN-T and HD-N also.


Price:
$48.830
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
No
2014-04-28 SELL John Zechner

(Market Call Minute) Let it go for a while.  Doesn’t like how lumber is acting right now.  It is ahead of itself.


Price:
$49.650
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-04-17 HOLD Jeff Parent B. Eng. FCSI

Looking at the dollar weighted trading price to see where most volume occurs, it is $45 even. It bounced off there a few days ago. The next support level is around $41. He would use $45 as a support level and would continue to Hold the stock right now.


Price:
$48.100
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2014-03-24 WAIT Peter Brieger He sold a similar one because the housing had had a good start in the US and he took profits. He likes US housing long term. He may repurchase one of these in the future.
Price:
$50.770
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
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