2 billion in shelf prospectusWhile many company issue shelf prospectus without using it.If a company do so, it's to give them the flexibility to act when needed.
Money is comming in fast in furious in the bank accountof WFG, still they are preparing for what?
I think that these guys at West Fraser are brillant by taking their time to buy back their own shares.
When you see your number one shareholder reducing it's position, why would you do him a favor
by being agressive in your buyback.
If you are a long term investors as i am, the recent buyback equal to 98 cents / share of dividend over the past month alone.
Dosperos would be able to answer this question more than i but i wonder what is next target of WFG.They are not issuing this 2 billion for the fun of it.
Also, if they buy a Canadian company like IFP, i wonder how much of the CDN assets they would have to sell to please the authority.
My guess is as good as anybody but i would bet that when they report Q1, they will increase the dividend.Maybe not subtantially because i beleive they probably have plan to grow the company(As per their comments on the CC)
In any event, i am please to be a WFG shareholder and have the patience to see this story play out to it's fullest.