Is West Fraser Timber Co. Ltd. (WFG) Among the Best Lumber Stocks to Buy Now? [Yahoo! Finance]
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: Yahoo! Finance
Ltd. (NYSE:WFG) stands against the other lumber stocks. The lumber market has faced considerable volatility in recent years, driven by a confluence of dynamic and interconnected factors. In 2021, lumber prices surged to unprecedented levels due to the COVID-19 pandemic disrupting supply chains, a surge in home construction boosting demand, and logistical challenges further straining the market. However, this peak was followed by a dramatic price correction as these extraordinary conditions began to stabilize. Currently, lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366, closely matching pre-pandemic levels. The futures market has mirrored this decline, with contract prices for July falling 28% to $466. The following chart by U.S. Bureau of Labor Statistics clearly depicts the change in lumber prices over a five year horizon. The sharp drop in lumber prices reflects a slowdown in both new home construction and renovation
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News
- Wood Products Market Opportunities and Strategies to 2033: Global Wood Products Market Set to Surpass $1.58 Trillion by 2033 [Yahoo! Finance]Yahoo! Finance
- Read This Before Considering West Fraser Timber Co. Ltd. (TSE:WFG) For Its Upcoming US$0.32 Dividend [Yahoo! Finance]Yahoo! Finance
- West Fraser Announces Indefinite Curtailment of Lake Butler SawmillPR Newswire
- Bullish on West Fraser Co Ltd. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- West Fraser Declares DividendPR Newswire
WFG
Sec Filings
- 9/19/24 - Form 6-K
- 9/10/24 - Form 6-K
- 7/24/24 - Form 6-K
- WFG's page on the SEC website