Opinions
Cole Kachur
Norbord Inc
OSB-T
WEAK BUY
Sep 02, 2020
Doesn't follow the name super closely. Positives in the industry. Good growth trajectory. Still a good name but volatile, as it's tied to the price of the commodity. Low interest rates should benefit it.
$46.530
Stock price when the opinion was issued
household goods
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BUY
He thinks we have seen house prices turning the corner. He likes it here. March sales beat expectations in the US. Prices of houses is what drives this stock. Variable dividend that pays you to wait. If you think that we are going into a recession (he doesn't) you don't want to own this name.
household goods
DON'T BUY
The OSB manufacturer for roofing and flooring. Prices for products has collapsed and new capacity is coming on-stream. She would not be buying a commodity based stock like this. If you are long already and the US economy continues to grow and interest rates do come down there may be upside in the housing sector. The over capacity issue is an overriding concern for her, however.
household goods
DON'T BUY
This was a great performer in 2017-18, but with housing starts--and the economy--slowing in the U.S., it's under pressure. Tariffs to lumber didn't help. The yield pays over 5%, but in this late part of the cycle, OCB is likley not covering the dividend every quarter. They should trim the dividend. He prefers WEF for their dividend and high-end niche. That said, you could pick away at this sector when it's been beaten up like this.
household goods