Western Forest Products Inc T.WEF

$130 mill cash, no debt, 2022 capex now $10 mill.

[phoenix_trader]

Western Forest will continue to evaluate opportunities to invest strategic and discretionary capital in jurisdictions that create the opportunity to grow long-term shareholder value. The company expects to focus near-term internal strategic capital investments on projects that reduce manufacturing costs or address kiln drying and planer capacity constraints on the B.C. Coast. These potential investments will help support growth of the company's specific product line initiatives, as well as add value to its products. The company has approximately $10-million in strategic capital projects currently under way in British Columbia, and Western Forest continues to evaluate opportunities to invest in the competitive positioning of the company's value-added operations. The company will evaluate all capital allocation decisions after considering its operating results, financial condition, cash requirements, financing agreement restrictions, and other factors or financial metrics that may be deemed relevant.

[willyk3]

All that cash and still just a lousy  one cent dividend.  No mention of a special one timer. 

[phoenix_trader]

How about a 40 mill share buyback. Minimal capex and cash just flowing in the door, no debt. Nothing trades at 2 X EBITDA for long. Great timber base, rock solid indigenous relations and easily exportable products not subject to any tariffs. 

[gossamer6]

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