01:21:12 EDT Sat 10 Jun 2023
Enter Symbol
or Name

West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 99,371,752
Close 2022-05-26 C$ 116.37
Recent Sedar Documents

Globe says BRP, others are down but look good

2022-05-26 07:18 ET - In the News

See In the News (C-DOO) BRP Inc

The Globe and Mail attempts to identify beaten-down stocks showing signs of longer-term profitability in its Thursday, May 26, edition. The Globe's guest columnist Ian Tam writes in the Number Cruncher column that as rocky equity markets continue to worry those who look at their portfolios all too often, the S&P/TSX Composite Total Return Index has posted year-to-date losses totalling 4.5 per cent. For the optimistic investor, the recent negative market action might present some buying opportunities. To borrow from Warren Buffett, "be fearful when others are greedy, and greedy when others are fearful." With that in mind, Mr. Tam looked for companies where the share price has declined significantly on a year-to-date basis, but show signs of longer-term profitability and positive analyst sentiment. He says experienced investors will quickly realize this is not really a Buffett-like approach, but rather one that focuses on fundamental growth, as opposed to deep value, which Mr. Buffett is known for. To qualify, stocks needed to have a market capitalization greater than $140-million. Stocks that meet Mr. Tam's requirements are BRP, West Fraser Timber, Labrador Iron Ore, Interfor and Canfor.

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