RE:RE:RE:Herky jerky whiplash fun. Yes, good point. Ken is well known and is a good deal maker. Jordan comes out of the Pattinson umbrella as I recall too.
I am mostly thinking about Charlie Miller and BWC when I say $6 minimum. How can he stand by and crystallize a loss of 50% when lumber prices are 2x higher? Miller, I hope, will demand other options be explored such as splitting into two entities, becomeing shareholder friendly, or just re privatizing the thing back to BWC. They would be OK with the cash flows.
I'm not that worried but recognize that mgmt is working contrary to shareholder interests by not starting a div the minute the deleveraged (they should look to Acadian), being too slow on the NCIB, and not articulating a clear framework by which to partition earnings into the aforementioned items (deal with it Ken, you gotta pay us chumps) and then broader strategic initiatives. I think it's just as cliche as saying the 20% drop today reflects a lack of trust in mgmt. What if they gobble up this windfall and then squander it on bad assets (yet again?). This is why you articulate a framework to set some rules. Quit channeling Trump and just winging it.