RE:RE:Musical chairs
BuffetsProdigy wrote: I sold out today. I can see this going much higher in the short term but I got what I accept as fair value all considered. I expect lumber price will come back to earth at some point. The management are fine in the forest business but they've proven to be bad at capital allocation buying shares back at expensive valuations and nothing at cheap valuations. Best of luck to everyone still in.
fortunately for those that are still holding, the market easily obsorved the sellers and climbed 6%. That's a good sign.
to those that did sell, where are you putting your money? Cash? Oil is just a frothy as lumber, pretty much any resource has already tripled.