Despite some optimism surrounding the U.S. housing market, Canadian forest products stocks have not been benefiting over the past year, in part due to concerns about global lumber demand. Now we are seeing insider buying in the forestry group, in particular at Western Forest Products Inc.
On Nov. 9, the vice-president of lumber sales and marketing acquired 180,000 common shares through options exercise (not shown on chart) and has not subsequently sold those shares. Earlier in September, vice-president and chief forester Shannon Janzen acquired 12,000 common shares at $1.71.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.