lumber price vs stock priceWhen Jim Pattison made the offer of $16 per share last August, the lumber price was about $330. Today, the lumber price is $524. So, very roughly speaking, if someone would made an offer today, the price would have to be around $25.4 per share (524 / 330 * 16). Of course, there are many other factors to consider in this estimate, such as the market trajactory of lumber price, pulp & paper, et al. But, does this rough estimate make any sense at all?
Also, as the share price approaches $16, what would be the thoughts of those shareholders who voted against the offer last December?