The Investment Reporter, in its May 19, 2023, issue, says buy West Fraser Timber Co. Ltd., recently $102.38. The Reporter said to buy West Fraser 15 times from Nov. 27, 1997, to June 10, 2022, at prices ranging from $29.00 to $116.31 (the stock split 2:1 in January, 2014). Assuming a $1,000 investment for each of the 15 purchases, the $15,000 position would now be worth $71,563. West Fraser Timber is a Canadian forestry company that produces lumber, EWP (engineered wood products), pulp, newsprint, wood chips, and other residuals and renewable energy. For the three months ended March 31, 2023, West Fraser lost $85-million (U.S.), or 52 U.S. cents a diluted share, compared with earnings of $1.4-billion (U.S.), or $10.25 (U.S.) a share, in the same period of 2022. The Reporter expects the company to manage the current downturn reasonably well. West Fraser has a strong balance sheet; its $847-million (U.S.) in cash and equivalents easily exceeds its total debt of $525-million (U.S.). The stock trades at a high 106 times the 97 Canadian cents a share it should earn in 2023. However, it trades at a more reasonable 0.8 times its book value of $122.36 (Canadian) a share. The Reporter says buy West Fraser.