WOOD - Timber! Why Western Forest (TSXV:WEF) is Important To Look At For Lumber Stocks

If a lumber stock falls in the market, does it make a sound? It certainly does when it’s going up, and for some reason, Western Forest Products (TSXV:WEF) seemed to do just that this year despite soaring lumber prices and a pandemic that closed processing plants. According to Western Forest Product’s (TSXV:WEF) Q1 2021 earnings release, the company overcame logistical constraints to deliver products at record prices. In Q1 of 2021, the company reported an adjusted ABITDA of $62.9 million, compared with the negative-adjusted EBIDTA of $17.4 million last year. Maybe that has something to do with the ...