West Fraser Timber: That's A Bingo For $100/Share [Seeking Alpha]
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: Seeking Alpha
Furchin/E+ via Getty ImagesStocks with high multiples and no earnings but with big dreams stacked on top of great narratives are in the process of re-rating to lower multiples. Meanwhile a whole range of industries are beginning to receive some attention probably long overdue: cyclicals/industrials, energy, banks, etc. Take for example West Fraser Timber (WFGWest Fraser Timber StockA core element of my thesis throughout my writing on WFG was that, in my view, the market was, has been, and continues to price WFG as though the business is going to return to mid-cycle (or lower) earnings starting tomorrow whereas in my view, earnings will no doubt moderate/normalize but that normalization process will probably take much longer than the market is pricing in. Given the super favorable backdrop in the housing market and the never ended impact COVID is having on logistics/supply chains, etc, it could very well be the case that the lumber market takes WAY longer to normalize than most people
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WFG
News
- Here's What Analysts Are Forecasting For West Fraser Timber Co. Ltd. (TSE:WFG) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- WEST FRASER ANNOUNCES VOTING RESULTS OF THE ANNUAL SHAREHOLDERS MEETINGPR Newswire
- WEST FRASER ANNOUNCES FIRST QUARTER 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
- WEST FRASER ANNOUNCES FIRST QUARTER 2024 RESULTSPR Newswire
- WEST FRASER ANNOUNCES COMPLETION OF SALEPR Newswire
WFG
Sec Filings
- 4/24/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/22/24 - Form 6-K
- WFG's page on the SEC website