Interfor Corp T.IFP

hopefully no more brain-dead moves like special dividends.

[drunk@noon]

Keep cash on balance sheet for share buyback once shareprice drops in the second half of year or two increase capacity once the price of lumber drops and assets are cheaper to buy. The story here is how much cash per share flows to the balance sheet with this mind-blowing, but short lived prices. Hopefully 15-18 dollars comes through the door in q1 and q2. Don't think of eps as sustainable earnings, but think of it this way. Special div makes no sense, as the shareprice drops with whatever goes out the door. ie. IF they announce a 2 dollar dividend, shareprice drops by2 dollars, while shareholders wait for their 2 dollars in cash.

[lifeisgood1010]

Could not agree more with you.As a long term shareholder of IFP, i wrote many time to IR to  voice my preference for buybacks and cash accumulation for acquisitions at reasonable price likethe past 3 they have done. They haven't bought any shares on the new NCIB because they want to pay down as quickly as possible the EACOM acquisition. With all this cash coming in, they should be once