July 29, 2021 6:30 am eastern

bOn Wednesday, the S&P 500 was about unchanged and Toronto was up 0.3%.

AutoCanada was up 7.8%. 

After the close West Fraser Timber released (as expected) very strong Q2 earnings. The focus now will be on the outlook with lower timber prices. Recall from my July 7 post that they have a Dutch auction buyback offer out that will price between $85 and $93. I have not planned to tender. Whether or not to tender could be re-evaluated after we see the market reaction to this earnings release.

Penny stock RIWI released Q2 earnings and it appears at a quick look to be luke warm results at best. They touted a revenue increase but did not even mention earnings in the press release. This is a tiny company. Definitely a higher risk investment.

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