RE:RE:RE:What's not to like I see merit in both arguments. The main point is these are separate companies until it's official. As such, they deploy capital in isolation and to its most effective use until they get the all clear.
Nobody is going to go on a wild spending spree or anything, but a meaningful portion of the cash war chest is up for grabs I think. Why would it not be? WFT also softened their tone on the balanced approach in remarks yesterday.
Last, this is from memory a few years ago, BAM used to hold >50%. When they exited to <50% it wasn't by selling, they just issued a bunch of shares than attenuated the value of my holdings and lined their pockets. It was a really greasy move, that led my to just buy BAM and others after to get in on the sleaze. It was a huge F-you to everyone not named Brookfield. I remember cursing a blue streak. I think this must have been the link: they basically diluted it by 7M shares to line their pockets as an equivalent spec. div. That isn’t an option, but the use of cash is. I expect $4/share for Q4-2020 to be coming.
https://www.newswire.ca/news-releases/brookfield-capital-partners-ii-osb-lp-completes-distribution-of-shares-of-norbord-inc-to-fund-investors-650822553.html
Why? Well Q1 is off to a huge start already and will be a monster. Party on dudes with the Q4 money this was not a one and done. Maybe even WFT gets in on the part and issues one. Starnger things have happned.