NCIBWhat intrigues me the most is that CFP as not purchased a single share under their NCIB
since June 30th.
Under the existing NCIB,in May they paid in a range of $23.23 to $26.67 and in June, they paid in a range of $21.47 to $26.30.
Book value and even more replacement costs of their mills are worth much much more than the actual
selling price of the stock even if we put a zero value to their BC mills.
If they were buying at much higher price and sitting with close to 1.3 billion in cash at the end of June,
WHY aren't they buying under the NCIB?
Either the management is plain stupid or something is going on.
Yes, their is a possibility that grinchy Pattison is working his board to get the lowest possible
price to take CFP private.If that's the case, we will find out before year end