RE:RE:RE:RE:RE:RE:54% increase in dividendNo but i am still tracking BAM selling and there are still reducing their position.
They sold 736505 shares for the week and the "Entity" that is selling still has 994,100 shares.
So if they want to reduce it to zero it should take them less than 2 weeks.
Who knows if the other 3 BAM entity will keep or sell some of their position.
Over the past 18 trading sessions,BAM has sold 4,428,932 shares.For sure, this is putting a little bit of pressure on WFG
WFG bough 307,906 shares for the week taking the count to 744,273 or 12.3% of the NCIB.
So far it only cost WFG $61.5m to retire these shares.
Will say it again, what will they do with all of the cash pouring in?
Staying long on these superb company.They have never been so profitable and never had so solid balance sheets.
Don't know how long it will take for the correction to end but i am very comfortable being an owner of these lumber company.
Take care