RE:RE:RE:RE:RE:Trading at discount to actual value: b/t 6-8% ($.27-$.39)/shUnderstandable! That sucks.
I sold all mine today, actually. I thought the same thing (unloading mid 4.20's). I went and dumped the majority into RYAM right after though. These two firms are now linked. I wanted to sell yesterday but was not happy with the pricing.
Anecdote: I have another $25k to spend in the next week or so (closing out a DC pension for a job switch) and I always self-mange that stuff. This is going 100% into RYAM unless I can find a more compelling narrative. But 100% RYAM it will likely be, at between 18 and 20 a share I suspect.
What I mean by this anecdote is that it's not too late to hop to RYAM. You'll even catch the divi pehaps for this Q. Double check. Also get the form W8BEN going on to only contend with a 15% withold for non-RRSP holdings (can be done after).
I think this is a 'if you can't beat em join em' adage; TMB is worth more, but that value will now be reflected in RYAM. And RYAM was cheap to begin with. It, in my opinion, should be worth a lot more on it's own. Add TMB and you should see it make it back to where it started from in 2015, at least, which is in the $40's. And honestly, I was only hoping to make 200% to 250% on TMB anyway based on when I saw November earnings and thought 'this ain't priced right!'. This TMB run was about half, and RYAM is the other 100%+ over the next year or two. But it's tougher for a guy who has been patient, and hasn't been paid to wait. I'd say don't cut bait. Just hop on, and get this before the divi is driven below 1.6% which will be soon (I bearly caught 1.7%; Alpha was the quickest on doing this last week. Hindsight is 20/20 tho; and I was still contemplating all the unheaval).
The returns we glibly toss around are nuts too. We can make a lifetime of moneymarket returns in a month. Plus, demographics play a factor in me not being worried I suppose -- I like the "Rule of 72" which most of you know. Getting a 100% return is just a huge bonus, and if it brings aggregate returns to even 30% p.a. then we're basically doubling our cash every 3 or 4 years. There's a high concentration of early 1980's folks on here I reckon (based on handles and other anecdotal evidence lol) which mean, hey, what if we can even just get 15% p.a. over the next 30 years? I want to be like Schulich, who names business schools after himself based on his monster RRSP wins -- that's the three part ticket to follow (start early, concentrate, be lucky).
Good luck!
ps
Paul Quinn raised RYAM to $20. Paul's a conservative guy, who will walk his target up. Food for thought.