RE:SIB My man... you are fast! I literally read it here first. Boom.
I have some sketchy phone typed thoughts on Yahoo so far. This is great news and a highly proactive play... this $1.25B is ~~50% of the Q1-2022 EBITDA so they can aggressively attack this bizarre share price drop opportunistically while still keeping loads of dry powder.
Following this, that perennially suffering dude who bellyaches incessantly about Norbord divs will be vindicated... at leas soon. I think when the share count is back down to the low 70M range (this SIB should take it to the mid 80M range) they hit a div harder. Or maybe sooner. It's due.
I think the strategy just changed. Embrace irrationality. Pay a div. The guys who hold out and don't want to be taken out at $500/mfbm can fly a kite and come to WFT/CFP when then are in trouble... we are not courting them any longer. In other words maybe swllers soon to out of the drivers seat?