SIBFor the few who have been reading this board over the past few years know that i am a long term investors.
That being said, you may think that what i am about to write is crazy.
Well, as a long term shareholder of IFP, i want the SP to stay below $34 until Sept. 8th.
Can you imagine if IFP starts trading above the SIB max price.There wouldn't be many share tendered.
Or, IFP would have to revise it's bracket price upward.
I wasn't happy friday to see IFP trade at almost $34.
I am crossing my fingers to seee them buy back the full 100 million$ but that not a given.
For that, we need to see the SP trading in the $31 to $33 ish.
I think many investors are starting to realize how cheap these lumber stocks are even though
we are having a temporary slow down in new housing activity.