NYSE:OSB

Norbord Inc. (OSB)

43.13
-0.00 (0.00%)
as of Jan 29, 2021, 11:00:08 pm Market Open.
23 watching
0
DON'T BUY
(Market Call Minute.) Wouldn't touch this one right now. Not a lot of demand for roofs and floors in the US.
DON'T BUY
Not so certain that the dividend is safe over the next 3 years. The stock has been hit severely by the fears of a slowdown in the US of a housing crisis. The glues and resins going into strand boards are very expensive so they are being squeezed on both ends.
DON'T BUY
Chart shows a downward trend, however the stock seems to have finally bottomed recently. Earnings have not been too good. Because the US housing market is down, fundamentals are iffy. Starting to receive some early short-term momentum indicators that suggest a low here. Seasonally, forest product stocks tend to go lower after April through to October.
HOLD
If you look at the replacement value of the assets, it is about $11 to $12. Oriented strand board pricing is at the lower end. Correlated to the US housing market. Over time, these are great facilities. A potential takeout candidate.
BUY
2nd largest and lowest cost oriented strand board producer in North America. The good thing is, because they are the lowest cost producer, it will be the last one to go bankrupt. Pays a nice dividend while you wait and is trading below its replacement value right now.
BUY
Because of what is going on in the housing market, it has come under a lot of pressure. From a valuation point, it looks pretty attractive and if you are prepared to sit tight for 12 or 18 months, you can probably make money in it. Well diversified and w
DON'T BUY
He has a model price of $2. His mean estimate of earnings for 07 is $.25 and $.10 for 08.
BUY
Good management. Cyclical. Housing is very soft, but industrial construction is very strong which offsets it. Very shareholder friendly. Special dividends. Compelling price. 5% dividend.
COMMENT
Currency sensitive. Thinks it has bottomed, but they're running into trouble. Stocks recover before the Cdn$ rolls over. He thinks you will be OK on this one.
TOP PICK
Sector has gone through a lot of bad news. Nobody likes the group. Thinks the stock has bottomed. If you Buy, watch the bottom low
DON'T BUY
His model price on this is $5.90 which is a 29% negative differential.
DON'T BUY
Produces oriented strand board. A cyclical business. New home building business in the US is about to fall off the cliff. This is a one-trick pony. Good take 2 or 3 years for recovery.
WEAK BUY
If nothing else, you can probably get a play on this one over the springtime.
DON'T BUY
Very strong company but until there is a sign that housing has bottomed out, the stocks are going to be under pressure.
HOLD
Oriented strand board is weak because of the weak US housing market. Mills are being shut which will end up creating a demand, but you have to be patient.
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