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Acadian Timber Corp T.ADN

Alternate Symbol(s):  ACAZF

Acadian Timber Corp. is a Canada-based timberland provider in the Eastern Canada and the Northeastern United States. The Company owns and manages approximately 777,000 acres of freehold timberlands in New Brunswick (New Brunswick Timberlands or NB Timberlands), approximately 300,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides timber services, which include approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. The Company operates through three segments: NB Timberlands, Maine Timberlands and Corporate. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. It sells its products to approximately 90 regional customers. The Company also develops carbon credits for sale in voluntary carbon credit markets. The Company has approximately 2.4 million acres of land under management.


TSX:ADN - Post by User

Post by Maxmoeon Jun 19, 2021 4:17am
306 Views
Post# 33416199

Dividend in stock

Dividend in stockFun with math. There are , let's round, 17 million shares o/s. Let's look at board lots . That's 170,000 shareholders of 100 shares each. There are 1,100,000 acres of freehold timberland here at ADN. So , how about the company distribute a 1 acre freehold lot of land to shareholders with 100 shares? That's just 15.5% of landholdings. For free. Just the recently cut land where the value of the logs has already been monetized!  If I have 1000 shares, give me 10 contiguous acres. 10,000 shares=100 acres Etc. That would reduce landholdings from 1,100,000 acres to 930,000 acres. Would anyone notice? I'll take my homestead in Maine please. I already have 20 acres in the maritimes. I'm just spitballing but it just demonstrates how undervalued the assets are here. I paid $1000 an acre, many years ago for my 20 acres of part cleared land. Our landholdings are valued at $ 1.1 BILLION at that price! That's about $65 per share for post harvested land. That would value the "stock dividend"  at $1000 per board lot or $10 per share! We could do that 6.5 times and STILL have 1,300,000 acres of crown land to harvest. Math is FUN! 
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