Ainsworth Lumber Co. Ltd.

ANS-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about ANS-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
June 9, 2014

(A Top Pick June 14/13. Down 27.2%.) A deal to be bought by Louisiana-Pacific (LPX-N) fell apart over regulatory concerns. Sold his holdings when the deal was first announced so he got out at $3.98. Still feels it represents very good value here.

(A Top Pick June 14/13. Down 27.2%.) A deal to be bought by Louisiana-Pacific (LPX-N) fell apart over regulatory concerns. Sold his holdings when the deal was first announced so he got out at $3.98. Still feels it represents very good value here.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$2.810
Owned
No
PAST TOP PICK
PAST TOP PICK
April 22, 2014

(A Top Pick April 16/13. Down 4.31%.) Sold his holdings when there was a takeover offer.

(A Top Pick April 16/13. Down 4.31%.) Sold his holdings when there was a takeover offer.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$3.800
Owned
No
HOLD
HOLD
September 5, 2013

He chose to sell this morning. Is looking at other names in the sector. Hold it but be ready to take the profits.

He chose to sell this morning. Is looking at other names in the sector. Hold it but be ready to take the profits.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$3.920
Owned
No
BUY
BUY
September 3, 2013

Eastern Canadian lumber stock. Will continue to be a major beneficiary of the housing market in the US but won’t quite have the export capability to China and other markets that the West coast guys have.

Eastern Canadian lumber stock. Will continue to be a major beneficiary of the housing market in the US but won’t quite have the export capability to China and other markets that the West coast guys have.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.890
Owned
Unknown
BUY
BUY
August 30, 2013

Likes it here. Likes that they don’t pay a dividend. You don’t have to worry about a distribution cut. They will survive. Could be acquired by Norboard who owns a chunk. Thinks it is worth a lot more than where it is trading.

Likes it here. Likes that they don’t pay a dividend. You don’t have to worry about a distribution cut. They will survive. Could be acquired by Norboard who owns a chunk. Thinks it is worth a lot more than where it is trading.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$2.900
Owned
Unknown
WAIT
WAIT
July 25, 2013

Was one of his positions and he didn’t do that well. Exited last piece today. Putting a new plant in Grand Prairie so they can expand. Once he gets back into this sector this would be one of his top two picks.

Was one of his positions and he didn’t do that well. Exited last piece today. Putting a new plant in Grand Prairie so they can expand. Once he gets back into this sector this would be one of his top two picks.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$3.520
Owned
No
COMMENT
COMMENT
July 18, 2013

Someone told him that the lumber stocks do go down in June, and of course it has. The reason they go down is because the signal that was out there on housing in the US and companies stocked up early. You now have to wait for them to restock.

Someone told him that the lumber stocks do go down in June, and of course it has. The reason they go down is because the signal that was out there on housing in the US and companies stocked up early. You now have to wait for them to restock.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$3.420
Owned
Yes
BUY
BUY
July 8, 2013

Chart shows a great picture of higher highs and higher lows. Fairly volatile stock, but volatility on an up trending stock like this, provides opportunity rather than problems. For a new entry, it is actually in a great position right now.

Chart shows a great picture of higher highs and higher lows. Fairly volatile stock, but volatility on an up trending stock like this, provides opportunity rather than problems. For a new entry, it is actually in a great position right now.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$3.440
Owned
Unknown
DON'T BUY
DON'T BUY
July 2, 2013

Came back from the dead with the rebound of the US housing market. They are also a seller to Japan. They have a hefty debt load, however. They are cyclical and you missed a large part of the move.

Came back from the dead with the rebound of the US housing market. They are also a seller to Japan. They have a hefty debt load, however. They are cyclical and you missed a large part of the move.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$3.220
Owned
Unknown
PARTIAL SELL
PARTIAL SELL
June 26, 2013

Lumber companies can all be placed in one basket as they are leveraged to the lumber prices which ultimately is a leverage to new home building globally, but particularly in the US. This is a high quality company and has some interesting dynamics. There is a consolidation story that could be talked about here. Not sure this is going to happen in the near-term but it is logical for consolidation in the industry to happen. In the near-term, it is just going to bounce around with lumber prices. If you own, consider taking some profits here.

Lumber companies can all be placed in one basket as they are leveraged to the lumber prices which ultimately is a leverage to new home building globally, but particularly in the US. This is a high quality company and has some interesting dynamics. There is a consolidation story that could be talked about here. Not sure this is going to happen in the near-term but it is logical for consolidation in the industry to happen. In the near-term, it is just going to bounce around with lumber prices. If you own, consider taking some profits here.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$3.390
Owned
Unknown
TOP PICK
TOP PICK
June 14, 2013

Very clean balance sheet. Well controlled and well held market that will benefit from increased US housing starts. No dividend and thinks they will initiate one. That will shoot the stock up. Should happen in the next 6-12 months.

Very clean balance sheet. Well controlled and well held market that will benefit from increased US housing starts. No dividend and thinks they will initiate one. That will shoot the stock up. Should happen in the next 6-12 months.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$3.860
Owned
Yes
BUY
BUY
June 4, 2013

Thinks the housing recovery in the US is far from over. Expect it will be at 1.5 million units a year before this ends. This should do relatively well in this environment.

Thinks the housing recovery in the US is far from over. Expect it will be at 1.5 million units a year before this ends. This should do relatively well in this environment.

John Zechner
Chairman, J. Zechner & Assoc
Price
$3.880
Owned
No
BUY
BUY
May 29, 2013

Manufactures fiberboard for home building. This is a bet on the US housing recovery. Has had a pretty good run but he would be a buyer because he thinks the recovery is going to surprise people by its magnitude. Also, likes and owns Norbord (NBD-T) and would own both companies.

Manufactures fiberboard for home building. This is a bet on the US housing recovery. Has had a pretty good run but he would be a buyer because he thinks the recovery is going to surprise people by its magnitude. Also, likes and owns Norbord (NBD-T) and would own both companies.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$3.670
Owned
Yes
TOP PICK
TOP PICK
April 16, 2013

Pure OSB (oriented strand board). Turnaround story. Had a very levered balance sheet. Brookfield came in and helped them refinance their balance sheet and remains a significant shareholder, so they have good institutional support. Pure play on North American housing because they do not have any exposure to Europe. Trades at a valuation multiple discount to its peers and expects that gap will close. With Brookfield owning 50% of it, maybe there could be a catalyst that may be one of the other larger OSB companies could make a run at it.

Pure OSB (oriented strand board). Turnaround story. Had a very levered balance sheet. Brookfield came in and helped them refinance their balance sheet and remains a significant shareholder, so they have good institutional support. Pure play on North American housing because they do not have any exposure to Europe. Trades at a valuation multiple discount to its peers and expects that gap will close. With Brookfield owning 50% of it, maybe there could be a catalyst that may be one of the other larger OSB companies could make a run at it.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$3.940
Owned
Yes
BUY
BUY
April 9, 2013

(Market Call Minute.) Pent-up demand in housing is creating a strong demand for lumber. Pine beetles caused a problem for supply.

(Market Call Minute.) Pent-up demand in housing is creating a strong demand for lumber. Pine beetles caused a problem for supply.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$4.020
Owned
Yes
TOP PICK
TOP PICK
April 5, 2013

Oriented strand board (OSB). Very much levered to the housing markets, especially in the US. Expecting margins to improve. Trading at about 3X enterprise over EBITDA while their peers are trading about 6 times.

Oriented strand board (OSB). Very much levered to the housing markets, especially in the US. Expecting margins to improve. Trading at about 3X enterprise over EBITDA while their peers are trading about 6 times.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$3.940
Owned
Yes
WATCH
WATCH
April 8, 2011
Coming back to life from 2008-2009 when there was almost no trading at all. Volume is picking up and becoming much more consistent. Spike this year shows some motion but you don’t see the volume. Starting to consolidate a little. Not an active trader. If it drops below $3, it looks like a very dangerous stock.
Coming back to life from 2008-2009 when there was almost no trading at all. Volume is picking up and becoming much more consistent. Spike this year shows some motion but you don’t see the volume. Starting to consolidate a little. Not an active trader. If it drops below $3, it looks like a very dangerous stock.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$3.660
Owned
Unknown
DON'T BUY
DON'T BUY
March 29, 2007
Until there is a sign that housing has bottomed out, these stocks are going to be under pressure.
Until there is a sign that housing has bottomed out, these stocks are going to be under pressure.
Ian Nakamoto
Director of Research, MacDougall, MacDougall & MacTier
Price
$7.290
Owned
No
DON'T BUY
DON'T BUY
July 26, 2006
Classic situation of a very cyclical company where raw statistics are backwards looking. Produces oriented strained board and prices have been very high but are now close to cash/cost of operation. There will be a huge decline in their earnings. Have a lot of debt.
Classic situation of a very cyclical company where raw statistics are backwards looking. Produces oriented strained board and prices have been very high but are now close to cash/cost of operation. There will be a huge decline in their earnings. Have a lot of debt.
Fred Pynn
Portfolio Manager, Bissett Investment Management
Price
$18.050
Owned
No
BUY
BUY
May 7, 2004
Game wasn't very impressive earnings at about $6 per share. Positive on constructive starts even though it will ease over time.
Game wasn't very impressive earnings at about $6 per share. Positive on constructive starts even though it will ease over time.
Ian Nakamoto
Director of Research, MacDougall, MacDougall & MacTier
Price
$28.250
Owned
Unknown
DON'T BUY
DON'T BUY
March 11, 2004
Very illiquid making it difficult to trade for fund managers.OSB panels have had a great run but can see them staying at this level. Good lumber Co., but tightly held by a small group of shareholders. Fully valued.
Very illiquid making it difficult to trade for fund managers.OSB panels have had a great run but can see them staying at this level. Good lumber Co., but tightly held by a small group of shareholders. Fully valued.
Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$29.000
Owned
No
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