OTCPK:TMBMF - Post by User
Comment by
dosperroson Apr 20, 2017 9:36pm
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Post# 26146672
RE:RE:Who sell??
RE:RE:Who sell??Agree. "Lots" of volume relatively, but it's pretty small all considered. E.g. today -- bearly over a million dollars changed hands so just piqued interest that's all. A run pre-results most likely.
I suppose that in the last 2 or 3 years a lot of folks bought it. They may be selling for whatever reason. It's not likely to be a big player like Fairfax; they bought 20,000,000 unitls and are in the business of meterering it out beer league style in blocks of 10,000.
Also, TMB has missed the entire lumber rally of the last 2 months. It could be a much delayed catch-up.
Anyway, don't feed the scavengers trying to snap up your shares. Keep in mind this will organically gain value as it deleverages. Each $1M of debt repayment is equal to 1cent in share price. They are doing 1$00M a year (so a dollar a year, marching up to a service ceiling of $8/share) upon which we must pivot to earnings grwoth much like what Jim and Co have done.