Time to get into position for the next leg up?
I think the latest round of financial engineering is over for now and we could move steadily up to $1.70?. Still a month to go until Q3 ends and we now have rain on Vancouver Island. So the fire season is probably over for this year. Lumber is up a bit today. My thought is the number of shares will keep reducing over time as the company buys back more next year with their surplus cash.. Or they could do a consolidation on a 5 old shares for one new share basis. This could draw a lot of new funds into the stock. The Canadian dollar is co operating nicely as well, now hovering around 95 cents. This is a big boost for earnings remembering the company was still profitable when the Canadian dollar was $1.03. We could have a new presentation on the web site soon, showing were everything stands right now. All imho of course.