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
The glory days are gone. It is dependent on US housing starts as well as the renovation business. The evidence suggests that the bloom is off the housing rose.
BUY
3.3% dividend. The need a lot of their product to rebuild the gulf and this company is really efficient.
DON'T BUY
The whole lumber and paper sector are getting beaten up. He still finds these stocks are not cheap enough yet and are under an awful lot of stress.
BUY
Highly profitable. Pays a decent dividend. They're raw material costs should be quite stable. If US housing slows down, this will have an effect on their margins.
WEAK BUY
Doesn't see much happening tp this company. It could spike up to the $15 range. He has 12 estimates, but doesn't feel really good about them. It's a cyclical cyclical. Has a model price of $24.
HOLD
There are others that excite him more at much higher multiples. Might be a takeout prospect one day. You need a long term view.
DON'T BUY
Has a model price of $18.22, but it has been coming down a lot plus he has 11 estimates in his database running from $0.93 to $3.56 which means 11 intelligent human beings can't agree on where it should be. Thinks you can get value elsewhere. A pure cyclical play.
BUY
A very steady generator of cash flow. They have the oriented strand board market which is going through the roof and they have been paying a special dividend. Doesn't know why the stock hasn't moved up.
BUY
Will always be tied to housing starts. Dirt cheap because the world is convinced that housing start numbers are going to start rolling over. The company spews cash and pays special dividends.
BUY
A principal producer of oriented strand board. Prices for this product have been rising and he continues to see very strong demand. Earnings are very good. Expects strong cash flows in 2005, perhaps in the $3 range on a go-forward basis.
DON'T BUY
P/E is at 4. You want to buy companies when the P/E is 300, not 4. Buy companies when they have no earnings. Trading at close to 3 X Book which is pretty expensive for a cyclical. Expensive relative to its balance sheet.
DON'T BUY
Took a drop when they spun off Fraser papers. Have cleaned themselves up to be pretty much oriented strand board. A commodity cyclical which can be risky.
TRADE
One of the major producers of OSB for new housing. There has been a weakness in the housing market, so the stock has dropped. Compounding that is when Noranda sold off their shares. If you think the housing market will come back, then buy. 3.6% yield.
DON'T BUY
Stock dropped when Brascan released their position to a group of underwriters at a price lower than wheree the stock had been.
DON'T BUY
Stock is not behaving well. Questionable if it can turn around and start a new up leg.
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