Sunday , 5 April 2020

5 Canadian Lumber Stocks That Could Get Thumped By Trump

The Trump administration has threatened to apply a 20% tariff on CanadianTrump softwood lumber exports to the United States alleging that some Canadian logging companies…receive subsidies as high as 24.12%. If such a tariff comes into play, it would make Canadian softwood exports less competitive in the U.S., hurting the bottom lines of Canadian lumber producers. Today we have identified five Canadian lumber stocks that are most likely to be affected negatively by the proposed Trump policies.

The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article written by

1. Acadian Timber Corp. (TSX: ADN)
Forest & Wood Products

Acadian Timber Corp….owns and manages:

  • approximately 761,000 acres of freehold timberlands in New Brunswick, ]
  • approximately 299,000 acres of freehold timberlands in Maine,

and provides management services relating to:

  • approximately 1.3 million acres of Crown licensed timberlands.

The Company also owns and operates a forest nursery in Second Falls, New Brunswick. The Company’s products include softwood and hardwood saw logs, pulpwood and biomass by-products sold to approximately 100 regional customers.

  • Market Cap: $302.0 million
  • Total Revenue (LTM): $77.2 million
  • D/E (LTM): 36.2%
  • YTD Price Change: -1.6%

2. Canfor Corp. (TSX: CFP)

Canfor Corporation is an integrated forest products company that produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy…

  • Market Cap: $2,617.8 million
  • Total Revenue (LTM): $4,293.2 million
  • D/E (LTM): 32.1%
  • YTD Price Change: 28.4%

3. Interfor Corp. (TSX: IFP)
Forest & Wood Products

Interfor Corporation and its subsidiaries produce wood products in

  • British Columbia,
  • the United States Northwest
  • and the United States South

for sale to markets around the world.

The Company offers a range of products..,[and] has approximately 20 mills across North America with annual capacity of over three billion board feet.

  • Market Cap: $1,412.8 million
  • Total Revenue (LTM): $1,792.7 million
  • D/E (LTM): 39.3%
  • YTD Price Change: 33.5%

4. West Fraser Timber Co. Ltd. (TSX: WFT)
Forest & Wood Products

West Fraser Timber Co. Ltd. is a diversified wood products company, which produces lumber and southern yellow pine, panels and laminated veneer lumber, pulp and bleached chemi-thermomechanical pulp, newsprint, wood chips and energy….

  • Market Cap: $4,651.6 million
  • Total Revenue (LTM): $4,562.0 million
  • D/E (LTM): 19.1%
  • YTD Price Change: 27.7%

5. Western Forest Products Inc. (TSX: WEF)
Forest & Wood Products

Western Forest Products Inc. is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world…

  • Market Cap: $834.4 million
  • Total Revenue (LTM): $187.3 million
  • D/E (LTM): 6.6%
  • YTD Price Change: 11.6%
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