Investment Q&A

Q: Thoughts/preferences regarding these stocks?
Thanks...

Q: Hi,
Is it too late or is there still room to play the lumber industry?
Which of the 3 companies would be the best play for the remaining innings.
Please rank by upside.
Best Regards,
Ed

Q: I own a fully position in IWN - with what's been going on lately with sector rotation (Growth verses value) should i see half the position and buy IWO (growth) or sell the entire position in IWN and buy IWM (both growth and value) ?

Second question I own significant holdings in WEF (overweight) WFG (1/2 position) and lastly Canfor (Full Position) My question is is it time to exit hold or reduce as lumber prices cannot stay at the present level forever?? (your comment please) maybe even sell some WEF some and go with a big house builder or even Lowes (I already own Home depot ) your guidance is appreciated

Q: Hi group lumber companies took it on the chin in 2 short days WEF went down 15% in the last 2 days as an example . Is the run over /(Time to cash in profits) or is this simply some folks taking profits. I know housing starts in the us are off but is the high price on lumber not the culprit here and also looking like lumber inventories remain low which should = higher prices for lumber going fwd. - your thoughts are always appreciated

Q: Hi group sent question in last week about how to play commodities (recommendations) also do you agree the sector is in an upward trend and will it last. - still no answer
New question lumber stocks seem to be acting funny lumber prices are at record highs ($1,000 fbm) but lumber stocks are down 3 days in a row is it time to take profits on the sector or hold appreciate your views

Q: Will you please give me your top choices in Forestry stocks, at present, Can either be CAN or US.

Also, please give your top choices in either country for Agriculture Stocks.

Thank you. Please take 2 credits.

Q: Does this company have further growth potential?
Thank you Team!

Q: Hi
I have been renovating an old cottage on the east coast, it seems that the supply chain has “broken” when trying to get lumber supplies to the extent that builders are saying forget about new builds.
Is there a buying opportunity here for lumber companies and if so what companies would you suggest.
Thanks
Melissa

Q: Hi
Is it a good entry point and it Canfor financially sound?

Thank you

Q: Hi Group any thoughts on why the Canadian forest industry stocks are all up significantly over the last mth . Considering housing starts / virus concerns any idea why . I hold WEF / Canfor both are up significantly but are still way off their highs should I sell at a loss into the rally or? - your thought's/direction is appreciated

Q: Hi Guys
Morningstar show DEC 2019 short term debt at $395 Million and cash at 60 million
Do you know what the short term debt was used for, an if Canfor has the credit facilities to handle there debt. I was thinking on taking a small position in this stock at current price levels, after all if Pattison was willing to offer $18 or so a share.
Thanks Gord

Q: Given the stock price decline today and the seemingly improving lumber price since the offer was made is CFP a buy? If so, what would be a good entry price?

Q: At this stage, would you recommend that I sell my Canfor shares, or hold off a bit longer, in case the Pattison bid is sweetened? I'm about break-even on these shares. Thanks.

Q: Good morning,
What will be the process and typical timeline for the board in considering the Pattison bid for Canfor?

Thank you,

Q: With an offer of $16 on the table I am surprised that the stock is not trading closer to that today- it seems to be hanging around $15 so far. Wondering if you could comment on the discrepancy...

Q: These 4 equities are my top 4 poor performers with a 50-57% unrealized loss. CFP is a 1% position, TSGI is 2%, WCP is 0.5%, COV also 0.5%. I am debating going to a half position on TSGI and pick up AQN. Or maybe dump TSGI all together. I'm not sure what to do with the rest to try and regain some losses here. That said, it seems COV and TSGI have potential as a long term holding but for me it would be to recover losses. Anything you guys can recommend? Thanks

Q: Is the Canfor balance sheet "OK"? I'm thinking about buying some shares of this cyclical stock. The sector and the stock have been hammered pretty badly. I think forest products will eventually recover. Would you recommend staying on the sidelines for now?

Thanks.
Ed

Q: Two separate questions- deduct as necessary.

Forest product stocks appear to be in a trough right now, and weaker housing starts coupled with over-capacity seem to be holding them back with economic concerns in the background casting a shadow as well. I am wondering if you see a bit of a turning point here given recent capacity cuts, strong employment numbers, and a Fed decision to leave things as they are?

Regarding MFI; I struggle with taking profits too soon, but I have a fairly rapid 30%+ gain here. Your thoughts on its ability to maintain these gains or grind higher would be appreciated.

Thanks!!

Q: I realize that the performance of the forest products sector (WFT, etc.) will largely track the commodity price of softwood lumber. Prices of SW lumber averaged well over $500 (USD/MBF) one year ago and yet remain below $400 today. If seasonality were a factor, we should be back where we were a year ago - but we are not. Do you have any insight into why the price of lumber (and correspondingly why the entire forest products sector) continues to be so depressed. Thanks for your thoughts on this.

Q: looks like forestry shares are dead money for the foreseeable future? presently I hold significant amount in WEF . Unlike the other forestry companies listed it pays a good dividend / heavy into Cedar business so not so exposed to US housing. Should I hold or sell