TSX:CFPForestry
Canfor (TSX:CFP) Valuation Check After New 5% Share Buyback Authorization
What Canfor’s New Buyback Means for Shareholders
Canfor (TSX:CFP) has introduced a new normal course issuer bid that allows the company to repurchase up to 5% of its outstanding common shares for cancellation, following the expiry of its previous plan.
See our latest analysis for Canfor.
The buyback announcement comes as the stock trades at CA$13.3, with a 1-day share price return of 3.10%, a 7-day return of 4.40% and a 90-day return of 18.43%. However, the 1-year total shareholder return is...