Western Forest Products Inc T.WEF

Check posts in Nov and Dec.

[Diamondboy123]

Called a bottom. It's not even February yet and it's at 1.40 from 1.08.  30 percent pop plus 4.5 percent dividend.  NICE. I see 150 to 1.60 by March.

[steve957]

should be going much higher,  wonder if they will increase the dividend for 2023 ?

[frostback]

I would rather have them continue or accelerate the buy back while the SP remains under the 1.80 level.  I certainly would not complain about a divvy increase and it may help in SP appreciation? Thoughts?

[frostback]

I believe the feds proposed tax on share buy backs does not come into effect until January 2023.  I would expect WEF is considering the options carefully and would guess management would only want to take advantage of the current regulations prior to year end.  A good number of shares have been cancelled over the last while and I have the feeling this is not being fully rewarded by the

[steve957]

yea i am happy with the share buy backs as well, makes it easier to pay the dividend,,i think they might increase the dividend slightly 

[fishowl]

Here is a article that talks about share buyback tax for Canada. https://www.bennettjones.com/Blogs-Section/Canada-Proposes-New-Tax-On-Share-Buybacks Here's the highlight where they say if passed in the next budget it should take effect Jan 2024. The federal government's 2022 Fall Economic Statement (Economic Statement), released on November 3, 2022, introduced a new tax on share