RE:last quarter .31 cents EPS - nice consistent profits ! Interesting take. I've always liked this, but opted to pivot to the lumber rather than timber names with the extreme highs in pricing to capture the upside. But ADN is certainly undervalued and has an easy $20 upside.
Curious on the takeover front too. In a cash starved envrionment, the FCF yeild here is very compelling. My understanding with Malcolm Cockwell at the helm is they like forestry a lot, and are not short on money. His dad is a the self-make BAM billionaire Jack. I hadn't considered they'd be interested in selling, but I don't follow this too closely. I'm just amazed a 7% yeild in a soon-to-be-negative rate envrio does not get more attention.
How'd you hear about the Blackstone play?
Thx!