RE:RE:RE:RE:RE:RE:54% increase in dividendIt will be reported on SEDI after friday but the way WFG is trading, i would not be surprised if they are still reducing their position.
What's more interesting for me has a shareholder is the amazing wealth creation of these lumber company.
The March contract is at $986
The May at $912 (the most active one)
The July at $832
Most USA lumber company are at all time high.OK, i get it that they are different beasts and have different caracteristics then their CDN counterparts but there is a chasm in the multiples and valuation between Canadian and US lumber stocks.
And yes,i get it that they don't have the BC legislation problems and cost associated but WFG,IFP and CFP have a good
portion of their mill in the US and a bit in the EU (WFG and CFP).
The HUGE valuation gap is a conundrum to me.