"...As debt gets paid down, look for acquisitions, not a takeover."
A key observation, and part of the reason I'm here: Even if NBSK prices moderate over the next few years, this stock should perform well due to the gradual improvement in the balance sheet alone. In fact, that could be the greatest catalyst we have in an uncertain world. And it goes unappreciated - for now. But will be reflected in future stock price as long as they stick to plan. This is one catalyst that requires patience.