Topic: How To Invest

Hi Pat: I invested in Western Forest Products when the stock was in the $0.70 range. What is your advice for the longer term? Thanks.

Article Excerpt

Western Forest Products, $1.58, symbol WEF on Toronto (Shares outstanding: 261.0 million; Market cap: $474.0 million; www.westernforest.com), is B.C.’s largest woodland operator and lumber producer, with an annual available harvest of about 6.4 million cubic metres of timber (of which roughly 6.2 million cubic metres is from Crown land). The company can produce over 1.1 billion board feet of lumber from eight sawmills and three plants. Its main activities include timber harvesting, reforestation, sawmilling logs into lumber and value-added manufacturing (including making mouldings, frames and panelling). Almost all of Western’s operations are in B.C.’s coastal region. Its products are sold in over 25 countries. Brookfield Asset Management (symbol BAM.A on Toronto) holds a 49% interest in Western. Brookfield’s relationship with Western is a plus, because it can provide financing and considerable operating expertise. In the three months ended September 30, 2013, Western’s revenue rose 9.1%, to $239.4 million from $219.4 million a year earlier. Cash flow per share jumped to $0.06 from…