RE:RE:RE:RE:RE:Questions for Western at upcoming RBC ConferenceIt might not have been clear either those were not my questions. I excerpted them from RBC's doc. To me it's a good jumping off point.
It'll be a tightrope for Don. I agree that the div and buyback are key, but the keeping up with the jones is tough too. And West Fraser is now that much bigger. Fortunately with specialty it's less commoditized but still, they need to put capital in somewhere and the mills are pretty old.
The other weird thing is single digit divs don't put as much as a floor in place as I would have expected. Look at Acadian -- it's safe and stable and nearly 8% and fell like a rock.
Like anything, a balanced approach is likely best. For reasonable stuff that is. I'm not sure of the legality of some of the cost saving measures I saw propsoed however like Mr Rhino's slave labour idea. That might set them back on the ESG front.