Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Norbord Inc. T.OSB

"Norbord is the largest global producer of oriented strand board, which is used as a structural panel for building applications. The majority of its mills are located throughout the United States, with additional capacity in Northern Europe."


TSX:OSB - Post by User

Comment by Frost19on Nov 12, 2020 9:51am
75 Views
Post# 31884304

RE:Example..total market BS.

RE:Example..total market BS.Investors were hoping for a 10-20% special dividend this quarter. 

Instead management decided to be conservative (covid and all) and just doubled the current dividend. 

Management is holding record amounts of cash and as the cash pile continues to grow everyday at record pace they will at some point in the next 3-6 months...
1. special div of 10-20%, 2. buy back shares at much higher rate, 3. wipe out massive chunks of debt (or all of it if they want) 

I anticipate they wil leave the regular div alone and annouce a balanced approach of all 3 things I mentioned (10% special div, share buyback program at 3-4x 2020 rate and 20-30% of outstanding longterm debt to be paid) when they announce the Q4 record numbers this winter. 
<< Previous
Bullboard Posts
Next >>