wef western forest 1.36
Posted: Wednesday Jul 3 10:45:42AM 2013
Another forestry stock that is looking up. They announced initiating 2 cent a q dividend which works out to 5.8 % divy. And they also announced a large dutch auction buy-back at prices between 1.30 and 1.50. Both moves signal bullish times ahead for the company. The company said the buyback will be funded by cashflow from operations.