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  5. ADN: As a contrarian investor, I can’t help but think the forestry sector is closer to a bottom rather than a top. [Acadian Timber Corp.]
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Q: As a contrarian investor, I can’t help but think the forestry sector is closer to a bottom rather than a top. If you wanted to play the sector what would be your top 2-3 ideas?
Asked by Jim on February 03, 2026
5i Research Answer:

WFG, ADN, SJ; The latter is not a pure play but has a growing ($200M+) lumber division. WY would be our US choice. 

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