RE:Company buying back shares?CFP IR told me that they report at the lattest on a weekly basis any purchase of
their NCIB.
We will find out next week.
I am not a Canfor shareholder but i find it very intreguing that a company would sit on so
much cash.
At the end of Q3 of last year, Canfor had about the same amount of cash on hand as they have right
now.
Since Q3, they bought Millar for $420m,they announce a modernization of $130m for a mill in
Arkansas and they recently announced a $210m for a new mill in alabama to replace an existing one.
Intefor seems to me miles away in front of Canfor as to efficent capital allocators.
Time will tell as to how Canfor deploys that cash.I will say it again,i don't understand
Canfor stategy