Post by
sunshine7 on May 27, 2021 9:47pm
No respect...
Their exceptional cash position got them no respect from market. Now they are 25% bigger with no dilution, I expect the cap to rise by a similar amount.
Comment by
StefanSalvatore on May 27, 2021 10:17pm
Well they needed to do something about the excess cash sitting on their balance sheet as they were losing money on the rising canadian dollar since their cash is held in US dollars. Glad to see that they put their money to good use and hopefully the share buybacks resume but I wouldn't mind if it didnt considering they used quite a sum of cash.
Comment by
WindsorGuy on May 28, 2021 11:52am
This is a great use of excess cash. Beat the US at their own game. Still significantly undervalued. Lumber price hanging around $1300.00 2/3 into the quarter. Another record quarter coming IMHO. GLTA