Good timing.
 
This is typically a weak time of year for lumber prices, and forestry product stocks.
 
Usually stock liquidity is quite low this time of year.
 
At a minimum, the SIB will keep a floor on the stock price
 
IFP’s press releases are better than WFG’s I find.
 
I would highlight the following in their release:
 
The Company plans to fund repurchases of Shares through available cash on hand. 
 
They had debt of $340mm at the end of Q1 so that means earnings/cash flows for Q2 were pretty good.
 
Interfor directors and officers do not have a present intention to tender any Shares pursuant to the Offer.
 
They’re holding out for more gains long term.
 
I’m holding and adding on drops as well.