Western Forest Products Inc (PK) (WFSTF) 銘柄情報

Q1 earnings
Net income in the first quarter of 2022 was $38.0 million ($0.11 per diluted share) as compared to income of $28.5 million ($0.08 per diluted share) for the fourth quarter of 2021, and net income of $53.8 million ($0.14 per diluted share) in the first quarter of 2021. Net income in the first quarter of 2021 included $16.7 million ($0.04 per diluted share) in other income from non-recurring asset sales.

Highlights:

-- Record first quarter adjusted EBITDA of $65.4 million

-- Realized record average lumber price of $1,688 per thousand board feet

-- Announced a 25% increase to our quarterly dividend

-- Completed our 10% normal course issuer bid, returning a total of $60.7
million to shareholders

-- Liquidity(1) of $316.3 million to support growth strategy and balanced
approach to capital allocation
Western's first quarter adjusted EBITDA was $65.4 million, as compared to adjusted EBITDA of $52.5 million in the fourth quarter of 2021, and adjusted EBITDA of $62.9 million in the first quarter of 2021. Operating income prior to restructuring and other items was $52.2 million, compared to income of $39.4 million in the fourth quarter of 2021, and $48.8 million of income reported in the first quarter of 2021.

Earnings today

Lumber futures broke 1000 today.

Will lumber futures break $1000 this week?

Lumber futures on the move again.
https://www.investing.com/commodities/lumber

Looks poised to bust out like RFP


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Awef&x=0&y=0&time=100&startdate=2%2F1%2F2020&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Arfp&x=0&y=0&time=100&startdate=2%2F1%2F2020&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

They are grossly undervalued and company is now in top tier condition. Will hold for another year or two.

Looks like they reported (some impressive results?) back on August 5th

https://ceo.ca/@newswire/western-announces-second-quarter-2021-results

August 27th = Next Record Date

China needs Lumber - Or don't they use WOOD ?
Who's got the price chart for soybeans ?

Soybeans Rise as Traders Anticipate Chinese Buying



High today 852 - Close 810

Meanwhile

And/or wait maybe cuz perhaps it IS

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Future&symb=lumber&x=28&y=13&time=100&startdate=1%2F1%2F2017&enddate=8%2F30%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

CFRA has strong buy as of 6/17/21, but we probably still won't see much movement until August Q2 report. Trading in the 1.60 - 1.75 range may be possible for the next few weeks as inflation heats up.

Doman Building Materials Group Ltd

http://www.magnoliareporter.com/news_and_business/local_business/article_f384a4a6-c7be-11eb-8412-633634f71626.html

June 7th purchase can be seen in charts below

We'll probably have to be satisfied with a trading range between 1.60 and 1.75 until some news or the Q2 results in early August. Anything below 1.60 will be a huge opportunity to daytrade or hold until the next big spike, IMHO.

2004

Lumber futures up the last 3 days in a row. Deja vu all over again.

The increase in lumber futures yesterday may be the first sign of a bottom in the $1350 to $1400 range, but even if we have more downside one should consider where we are in the long timeline on lumber. A breather was overdue.

Despite the fall in lumber futures over the last 7 trading days, reality will soon set in that prices are likely never going back to where they were a couple of years ago. Fed printing, low interest rates to infinity, and the resulting demand will put a concrete floor in the sector.

Trees fall, but prices won’t: The story behind the rising cost of lumber
https://bonnercountydailybee.com/news/2021/may/16/trees-fall-prices-wont-story-behind-rising-cost-lu/

Despite Lumber Boom, Few New Sawmills Coming
https://www.wsj.com/articles/despite-lumber-boom-few-new-sawmills-coming-11621243982

Despite Lumber Boom, Few New Sawmills Coming
https://www.wsj.com/articles/despite-lumber-boom-few-new-sawmills-coming-11621243982

Center for Financial Research and Analysis (CFRA) proprietary research lists WFSTF as a "strong buy" with the following commentary.

"Model Ranking Commentary
TSX: WEF's STRONG BUY recommendation is based on its score from CFRA's quantitative model for Canada.
Growth and Price Momentum model sub-categories are the two largest drivers of TSX: WEF's STRONG BUY recommendation.
Growth includes factors that measure EPS growth and stability and cash flow growth and stability.
Price Momentum includes factors such as a stock's relative strength and its price volatility.
TSX: WEF's overall score ranked in the 3rd percentile of all stocks in the model universe (1 = best and 100 = worst)."

ahhh - okay - Well, that's good - sounds like only about 1/10th of the revenue

Not too bad

Thanks

Of course, I'm no accountant, but it seems like a good move regardless of how it fits in the balance sheet.

"VANCOUVER, BC, March 14, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that it has completed the sale of certain non-core assets for $36 million. The sale includes certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia. The Company intends to use the proceeds from the sale to repay debt and to support its long-term strategic initiatives."

Wonder how much of that rev may have been them selling their gravel pit ?

Western Forest Products Inc Price Target Raised to C$2.90/Share From C$2.50 by CIBC World Markets

2.90 x .8271 = $2.398 USD

Western Forest Products (WEF:CN) (WFSTF) PT Raised to Cdn$3 at TD Securities

Applying the current CAD/USD ratio, the U.S. price would be $2.46

Mountain Climbing
https://invst.ly/uqbc9

Closed at $2.03 high of the day. The relative obscurity of WFSTF probably accounts for the slow rise to what I believe will ultimately be 2.25 to 2.50 on the conservative side. Hell, lumber inflation alone demands it!

$WFSTF Just hit $2.00.

Lumber Futures Just opened
Lumber Futures - Jul 21 (LBN1) $1635.00 (and likely climbing)
https://invst.ly/up-dy

I'm going out on a limb to suggest we are likely to close over $2 today. Call me a wild and crazy guy if you must.

Lumber Futures - Jul 21 (LBN1) $1644.50 (rolled on 5/6/21 from May 21 contract) (This is probably unprecedented)

https://invst.ly/upxj9

Looking back, WFSTF earned .18 for the year 2018 and the stock price was frequently over $2.00. With lumber prices hitting all time highs we should be looking at a significant gain today if there is any justice left in the markets.

Assuming a conservative .50 profit for the year and a 15 multiple, WFSTF should be at $7.50 U.S. in my humble (and usually wrong) opinion. Yeah, BABY!

Western Forest Products beats on revenue
May 06, 2021 5:26 AM ETWestern Forest Products Inc. (WFSTF)By: Meghavi Singh, SA News Editor
Western Forest Products (OTCPK:WFSTF): Q1 GAAP EPS of $0.14.
Revenue of $322.5M (+225.4% Y/Y) beats by $70.29M.

https://seekingalpha.com/news/3691910-western-forest-products-beats-on-revenue

First Quarter Highlights:

-- Record first quarter adjusted EBITDA of $62.9 million and net income of $53.8 million

-- Leveraged flexible operating platform to accelerate commodity shipments into North America

-- Achieved Company record quarterly average realized lumber price of $1,356 per thousand board feet

-- Signed an 8-year collective bargaining agreement with our unionized Ladysmith sawmill employees

-- Sold non-core assets for cash proceeds of $37.7 million

-- Repaid $69.7 million in debt, closing the period in a net cash position

-- Returned $6.1 million to shareholders via dividends and share repurchases

-- Available liquidity of $244.0 million to support growth and our balanced approach to capital allocation

Western's first quarter adjusted EBITDA was $62.9 million, as compared to negative adjusted EBITDA of $17.4 million in the first quarter of 2020 and adjusted EBITDA of $71.1 million reported in the fourth quarter of 2020. Fourth quarter financial results in 2020 benefited from a non-cash export tax recovery of $31.6 million arising from the finalization of 2017 and 2018 export tax rates. Operating income prior to restructuring and other items was $48.8 million, compared to a loss of $28.4 million in the first quarter of 2020, and $56.0 million of income reported in the fourth quarter of 2020.

Why - What's happening Wednesday - I could only find this :

https://www.youtube.com/watch?v=

Lumber Futures - May 21 (LBK1) $1639.00 13:50 Eastern. Can I get an Amen?

Lumber Futures - May 21 (LBK1) $1609.90. Better scour your basement and back yard for those golden planks you saved from past projects.

Oh yeah - Okay / no - So, they DO report trw eh ?.....After the bell with a .06 cent estimate ?


https://www.marketbeat.com/stocks/TSE/WEF/earnings/

Nice breakout over 2.20 huh ?

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Awef&x=0&y=0&time=100&startdate=1%2F1%2F2021&enddate=5%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Awef&x=52&y=8&time=100&startdate=1%2F1%2F2016&enddate=5%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

That is decent. Ha ha. Well done.
Difficult to wait for Wednesday.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163568496

Make that up 6.6% at 9:40 Eastern, now $1599.70. Move over Bitcoin.

Lumber futures May contract up another 1.84% so far this morning and Q1 earnings on tap for Wednesday. Should be an interesting week for WFSTF.

May contract $1502.30
https://www.investing.com/commodities/lumber

Sexy Lumber Market:

May contract 1454.70 - perhaps someone should issue a lumber-backed cryptocurrency.

One week until Q1 earnings.

Western Forest Products Inc. Announces Release Date of
First Quarter 2021 Results and Conference Call Details
March 31, 2021 – Vancouver, British Columbia. Western Forest Products Inc. (TSX: WEF) (“Western” or the
“Company”) first quarter 2021 financial and operating results will be released on Wednesday, May 5, 2021.
Western will host its first quarter 2021 analyst conference call on Thursday, May 6, 2021 at 12:00 p.m. PDT
(3:00 p.m. EDT).
Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and
Chief Financial Officer, will discuss the Company’s first quarter 2021 results followed by a question and answer
session with the analyst community.
To join the conference call, dial:
Toll-free from Canada and the US: 1-800-952-5114
From Toronto: 416-340-2217
Passcode: 5505843#
To access the instant replay of the call, dial:
Toll-free from Canada and the US: 1-800-408-3053
From Toronto: 905-694-9451
Passcode: 3108400#
The instant replay will be available until June 6, 2021 at 8:59 p.m. PDT (11:59 p.m. EDT)

May 21 contract now at $1420.