Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), lumber, laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box ...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
The independent financial analyst theScreener just requalified the general evaluation of WEST FRASER TIMBER (CA), active in the Forestry industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closi...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Market challenges weighed on second-quarter adjusted EBITDA for West Fraser, coming in at only CAD 56 million, down substantially versus the year prior. Low lumber prices and rapidly rising log costs in Western Canada dented profitability for West Fraser across all of its segments. Management announced further lumber curtailments with its second-quarter earnings, bringing total permanent curtailments to over 600 mmbf on an annual basis, or around 15% of its Canadian capacity. While we expect con...
Market challenges weighed on second-quarter adjusted EBITDA for West Fraser, coming in at only CAD 56 million, down substantially versus the year prior. Low lumber prices and rapidly rising log costs in Western Canada dented profitability for West Fraser across all of its segments. Management announced further lumber curtailments with its second-quarter earnings, bringing total permanent curtailments to over 600 mmbf on an annual basis, or around 15% of its Canadian capacity. While we expect con...
Market challenges weighed on second-quarter adjusted EBITDA for West Fraser, coming in at only CAD 56 million, down substantially versus the year prior. Low lumber prices and rapidly rising log costs in Western Canada dented profitability for West Fraser across all of its segments. Management announced further lumber curtailments with its second-quarter earnings, bringing total permanent curtailments to over 600 mmbf on an annual basis, or around 15% of its Canadian capacity. While we expect con...
Increasing headship and homeownership rates among millennials remain a key tenet of our housing outlook. More millennials are indeed forming households and buying homes, but we've been repeatedly disappointed by the rate of headship and homeownership gains for this large age cohort. While we previously expected a sharper increase in home purchasing as millennials seized upon favorable ownership conditions, factors such as student debt and underemployment have proved more stubborn than we origina...
West Fraser Timber is one of the largest softwood lumber producers in the world, with over 7 billion board feet of production capacity in western Canada (63% of the total) and the southeastern United States (37%). The company's panel business produces plywood, medium-density fiberboard, and laminated veneer lumber. North American homebuilding and remodeling are West Fraser's key end markets, although it exports significant volume to China, constituting 12% of total sales in 2018.West Fraser sees...
Increasing headship and homeownership rates among millennials remain a key tenet of our housing outlook. More millennials are indeed forming households and buying homes, but we've been repeatedly disappointed by the rate of headship and homeownership gains for this large age cohort. While we previously expected a sharper increase in home purchasing as millennials seized upon favorable ownership conditions, factors such as student debt and underemployment have proved more stubborn than we origina...
Although wood product market conditions have improved versus the fourth quarter, pricing and input costs were a significant challenge for West Fraser to start the year. In the first quarter, stronger lumber and panel margins offset weaker pulp segment results. Consolidated EBITDA margins shrank slightly to roughly 9% on a sequential basis, but we expect profitability to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge...
Although wood product market conditions have improved versus the fourth quarter, pricing and input costs were a significant challenge for West Fraser to start the year. In the first quarter, stronger lumber and panel margins offset weaker pulp segment results. Consolidated EBITDA margins shrank slightly to roughly 9% on a sequential basis, but we expect profitability to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge...
Although wood product market conditions have improved versus the fourth quarter, pricing and input costs were a significant challenge for West Fraser to start the year. In the first quarter, stronger lumber and panel margins offset weaker pulp segment results. Consolidated EBITDA margins shrank slightly to roughly 9% on a sequential basis, but we expect profitability to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge...
Although wood product market conditions have improved versus the fourth quarter, pricing and input costs were a significant challenge for West Fraser to start the year. In the first quarter, stronger lumber and panel margins offset weaker pulp segment results. Consolidated EBITDA margins shrank slightly to roughly 9% on a sequential basis, but we expect profitability to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge...
Lumber supply constraints and increases in U.S. homebuilding facilitated an exceptionally strong year for West Fraser in 2018. Adjusted EBITDA leaped by 33% to CAD 1.5 billion, due to robust wood product prices early in the year and the recent purchase of Gilman Forest Products. However, high prices have encouraged the introduction of additional capacity in the U.S. South. Also, U.S. homebuilding growth slowed in the fourth quarter, leading to a decline in lumber and panel prices. Although high ...
West Fraser Timber is one of the largest softwood lumber producers in the world, with over 7 billion board feet of production capacity in western Canada (63% of the total) and the southeastern United States (37%). The company's panel business produces plywood, medium-density fiberboard, and laminated veneer lumber. North American homebuilding and remodeling are West Fraser's key end markets, although it exports significant volume to China, constituting 12% of total sales in 2018.West Fraser sees...
Following a fairly rapid decline in lumber and panel prices from their summer peaks, West Fraser's diluted earnings per share declined by 34% from the second quarter, to CAD 2.99. However, this was largely expected, given that second-quarter product prices were at record highs. We've slightly reduced our near-term estimates for production in 2018, as it's taking slightly longer than we expected to offload existing finished goods inventory. The company also deployed CAD 300 million in share repur...
Lumber supply constraints and increases in U.S. homebuilding facilitated an exceptionally strong year for West Fraser in 2018. Adjusted EBITDA leaped by 33% to CAD 1.5 billion, due to robust wood product prices early in the year and the recent purchase of Gilman Forest Products. However, high prices have encouraged the introduction of additional capacity in the U.S. South. Also, U.S. homebuilding growth slowed in the fourth quarter, leading to a decline in lumber and panel prices. Although high ...
West Fraser Timber is one of the largest softwood lumber producers in the world, with over 7 billion board feet of production capacity in western Canada (63% of the total) and the southeastern United States (37%). The company's panel business produces plywood, medium-density fiberboard, and laminated veneer lumber. North American homebuilding and remodeling are West Fraser's key end markets, although it exports significant volume to China, constituting 8% of lumber sales in 2017.West Fraser sees...
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