West Fraser Manages a Solid Year; Raising Fair Value Estimate to $58 on Lower Near-Term Log Costs
West Fraser wrapped up the year on a high note, with log costs remaining below our expectations because of high mature timber availability in the Southeast United States. Production also came in above our expectations, despite surprisingly cold weather weighing on the U.S. South. We've reduced our near-term outlook for log costs as they advance more slowly than we've anticipated, and have adjusted how much lumber we expect to be taxed upon entry into the United States. We've increased our fair v...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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