Norbord Inc

OSB-T

TSE:OSB

31.80
0.81 (2.61%)
Norbord Inc. is a manufacturer of wood-based panels and the world’s largest producer of Oriented Strand Board. In addition to OSB, Norbord manufactures particleboard, Medium-Density Fibreboard and related value-added products.
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Analysis and Opinions about OSB-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 3, 2019
It's been plummeting. But they are addressing overcapacity issues, namely pulling back on a mill in Georgia. This may help the stock price.
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Norbord Inc (OSB-T)
September 3, 2019
It's been plummeting. But they are addressing overcapacity issues, namely pulling back on a mill in Georgia. This may help the stock price.
DON'T BUY
DON'T BUY
September 3, 2019
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.
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Norbord Inc (OSB-T)
September 3, 2019
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.
COMMENT
COMMENT
August 29, 2019
The US housing market has been lack luster for the last year. Yet the consumer is strong. But they are spooked from '08 when they almost lost their house. It is never wrong to take a profit. You could wait for it to pull back and then buy back.
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Norbord Inc (OSB-T)
August 29, 2019
The US housing market has been lack luster for the last year. Yet the consumer is strong. But they are spooked from '08 when they almost lost their house. It is never wrong to take a profit. You could wait for it to pull back and then buy back.
DON'T BUY
DON'T BUY
June 14, 2019
It's a cyclical. Trade it, not an investment. $45.54 is his model price. Pays a good dividend. This goes lower in a recession. Buy around $28, but sell if it falls below that.
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Norbord Inc (OSB-T)
June 14, 2019
It's a cyclical. Trade it, not an investment. $45.54 is his model price. Pays a good dividend. This goes lower in a recession. Buy around $28, but sell if it falls below that.
DON'T BUY
DON'T BUY
June 11, 2019
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.
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Norbord Inc (OSB-T)
June 11, 2019
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.
DON'T BUY
DON'T BUY
June 10, 2019
OSB-T vs. CFP-T. Looking at a long term chart of lumber futures, we are getting back to levels from when the economic levels were much weaker. Individually he is not sure that the prices are washed out. There may be more downsides in the more economically sensitive names.
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Norbord Inc (OSB-T)
June 10, 2019
OSB-T vs. CFP-T. Looking at a long term chart of lumber futures, we are getting back to levels from when the economic levels were much weaker. Individually he is not sure that the prices are washed out. There may be more downsides in the more economically sensitive names.
HOLD
HOLD
May 3, 2019
The book value has been steadily sliding lower. He thinks there could be upside to $40, but watch for support at $31 -- if it breaks below that watch out. The economy is questionable and the US housing market is in the sewer.
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The book value has been steadily sliding lower. He thinks there could be upside to $40, but watch for support at $31 -- if it breaks below that watch out. The economy is questionable and the US housing market is in the sewer.
BUY
BUY
May 2, 2019

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.

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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.

HOLD
HOLD
April 25, 2019
For longer term, if you hold it, not a bad time to be averaging down. Need strong rebound in US housing market to get material lift from here. But don't put new money in.
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Norbord Inc (OSB-T)
April 25, 2019
For longer term, if you hold it, not a bad time to be averaging down. Need strong rebound in US housing market to get material lift from here. But don't put new money in.
WATCH
WATCH
April 23, 2019
US housing looks cloudy? OSB is tied to new home starts in the U.S. Well-run company that generates a lot of free cash flow in different times of the cycles. Good capital allocators. The best time to buy this is when everyone hates it and commodity prices are low, like now. If you think the US economy will stay strong and that US housing will pick up, then lumber and stocks like OSB will pick up. Looks closely at OSB now.
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Norbord Inc (OSB-T)
April 23, 2019
US housing looks cloudy? OSB is tied to new home starts in the U.S. Well-run company that generates a lot of free cash flow in different times of the cycles. Good capital allocators. The best time to buy this is when everyone hates it and commodity prices are low, like now. If you think the US economy will stay strong and that US housing will pick up, then lumber and stocks like OSB will pick up. Looks closely at OSB now.
COMMENT
COMMENT
April 17, 2019
A play in US housing -- making drywall for housing. Lower interest rates help this space. They are not subject to the same duties as lumber companies. He is surprised the stock is being treated like a lumber company.
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Norbord Inc (OSB-T)
April 17, 2019
A play in US housing -- making drywall for housing. Lower interest rates help this space. They are not subject to the same duties as lumber companies. He is surprised the stock is being treated like a lumber company.
PAST TOP PICK
PAST TOP PICK
February 15, 2019
(A Top Pick Mar 21/18, Down 8%) The world's largest producer of particle board. There has been a slow down in US housing. He has not seen a real bottom in lumber fundamentals yet. He sold it in June for a 3% loss.
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Norbord Inc (OSB-T)
February 15, 2019
(A Top Pick Mar 21/18, Down 8%) The world's largest producer of particle board. There has been a slow down in US housing. He has not seen a real bottom in lumber fundamentals yet. He sold it in June for a 3% loss.
BUY
BUY
February 5, 2019
Good for dividends in the next 5 years? A good company. He just bough back into this. It's a play on North American housing. They also have a European business. There are concerns about US housing slowing, though. They pay a good, adjustable dividend based on business performance, which has decreased recently, but is still around 4%. They're good capital allocators and are buying back a lot of shares which shows self-confidence.
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Norbord Inc (OSB-T)
February 5, 2019
Good for dividends in the next 5 years? A good company. He just bough back into this. It's a play on North American housing. They also have a European business. There are concerns about US housing slowing, though. They pay a good, adjustable dividend based on business performance, which has decreased recently, but is still around 4%. They're good capital allocators and are buying back a lot of shares which shows self-confidence.
COMMENT
COMMENT
January 17, 2019
A lot of the forestry stocks had a correction in December. OSB-T have operations in the UK also. He can't comment on the sustainability of the dividend but if you want torque and believe housing will re-accelerate, then this would be a name to buy.
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Norbord Inc (OSB-T)
January 17, 2019
A lot of the forestry stocks had a correction in December. OSB-T have operations in the UK also. He can't comment on the sustainability of the dividend but if you want torque and believe housing will re-accelerate, then this would be a name to buy.
PAST TOP PICK
PAST TOP PICK
January 11, 2019
(A Top Pick Dec 14/17, Up 4%) They paid a special $4 dividend in the past year, but took a major hit right after. Also, US housing eased back; recently housing has come back. He's moderately bullish on U.S. housing. Demand is there, but finding land to build on and to build houses is challenging.
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Norbord Inc (OSB-T)
January 11, 2019
(A Top Pick Dec 14/17, Up 4%) They paid a special $4 dividend in the past year, but took a major hit right after. Also, US housing eased back; recently housing has come back. He's moderately bullish on U.S. housing. Demand is there, but finding land to build on and to build houses is challenging.
Showing 1 to 15 of 55 entries

Norbord Inc(OSB-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for Norbord Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Norbord Inc(OSB-T) Frequently Asked Questions

What is Norbord Inc stock symbol?

Norbord Inc is a Canadian stock, trading under the symbol OSB-T on the Toronto Stock Exchange (OSB-CT). It is usually referred to as TSX:OSB or OSB-T

Is Norbord Inc a buy or a sell?

In the last year, 2 stock analysts published opinions about OSB-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Norbord Inc.

Is Norbord Inc a good investment or a top pick?

Norbord Inc was recommended as a Top Pick by Bryden Teich on 2019-09-03. Read the latest stock experts ratings for Norbord Inc.

Why is Norbord Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Norbord Inc worth watching?

2 stock analysts on Stockchase covered Norbord Inc In the last year. It is a trending stock that is worth watching.

What is Norbord Inc stock price?

On 2020-07-02, Norbord Inc (OSB-T) stock closed at a price of $31.8.