63.4% of the NCIB already completed The only day they did not buy in June was June first because they were in a black out
period.They were required to a black out period of 3 days after the GP announcement.
They even exceeded the maximum monthly 2% because they were able to buy a block
on June 10th.
So far,the average paid for the 3,790,610 shares is $24.83.Hanalyst gave management a little star for the June buyback.I will give them a big star for being so opportunistic.
They seem very discipline in their buying and have a balance approach between growing by acquisitons, paying dividend and reducing the share count.
You may think i am a fool, but i hope the share does stay in the $28 to $31 range for the next two months so that they finalize this NCIB.
The last thing i want, is another tax ineficient dividend.
Then,like others have stated why not an SIB.That is, if lumber price is still elevated.
Looking forward to listen to what they have to say on August 6th.
We seem to have the best of all world.22% more production capacity, So far 5.4% less outstanding
share then last year and this number should increase and a clean balance sheet.
With time, this will be a $45 to $50 stock if not more.