Still plenty of upside in Canadian lumber stocks.
I recommended West Fraser Timer (WFT on TSX) some time ago. In November the company announced it would buy another lumber company, Norbord.
Nov 19, 2020 | Posted in Corporate News, News
West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader
– Complementary OSB business expands product and geographic diversity
– Greater scale and customer relevance unlocks and de-risks growth opportunities
– West Fraser and Norbord shareholders to benefit from a stronger value creation platform
The shortage of lumber due to a strong housing market continues, and the potential for a friendlier administration in the White House (elimination of duties?) is a distinct possibility.
Nov 19, 2020 | Posted in Corporate News, News
West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader
– Complementary OSB business expands product and geographic diversity
– Greater scale and customer relevance unlocks and de-risks growth opportunities
– West Fraser and Norbord shareholders to benefit from a stronger value creation platform
The shortage of lumber due to a strong housing market continues, and the potential for a friendlier administration in the White House (elimination of duties?) is a distinct possibility.
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