TSX:WFGForestry
Assessing West Fraser Timber’s Valuation As New Share Buyback Signals Confidence
West Fraser Timber (TSX:WFG) has unveiled a new normal course issuer bid to repurchase up to 3,800,917 shares, representing 5% of its outstanding stock, with all repurchased shares to be cancelled.
See our latest analysis for West Fraser Timber.
The new buyback plan comes after a year in which West Fraser Timber’s share price return has been mixed, with a recent 7.60% 7 day share price return and a 1 year total shareholder return decline of 16.60%. This suggests sentiment has been improving...