Post by
Dadsaid2 on Mar 22, 2021 8:11am
BAM & cash
As l said several times before the only reason BAM signed off on the Norbord takeover was CASH. I thought a Norbord special dividend was in the cards as BAM wanted or needed their share of that Q4 profit at OSB. I was confused and disappointed when they didn't pay out but it kinda make sense now. Both OSB & WFT share price increased and BAM won on that front. Then the new company WFG announced a pretty large share buy back plan and surprise surprise..BAM is selling. So they (BAM) are getting their needed cash for their next move anyway. That's the way the big world works. As for the little investor like me this is a bit of a blessing. I planned on selling WFG and moving on. Sold some at $94.5 and a bit more at 99 with more on offer at 105. This recent pull back has calmed my emotions and made me rethink what's happening. Given the realities of the company that desp & life have pointed out in not so short form, l have actually bought back most of my shares in the low 80's and will wait for Q1 results to blow the lid if the profit pot. Hopefully they increase the dividend and if WFG doesn't hit $100 then l may lose my sht then. But lm willing to wait... GLTA
Comment by
lifeisgood1010 on Mar 22, 2021 9:24am
Good morning Dad, Nice to hear from you again. Congrats on your good timing selling. Have a nice day