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Norbord Inc. T.OSB

"Norbord is the largest global producer of oriented strand board, which is used as a structural panel for building applications. The majority of its mills are located throughout the United States, with additional capacity in Northern Europe."


TSX:OSB - Post by User

Bullboard Posts
Comment by stock_itchon Aug 22, 2013 12:37am
197 Views
Post# 21688532

RE:RE:Couldn't resist in at $27.75

RE:RE:Couldn't resist in at $27.75NBD easily beat last earning estimates and quidance (4x profit over same quarter, previous year) and that was while OSB was for the most part at $260 so $10 less doesn't make that much difference, while the SP is now about 15%-20% lower, so this is due for a rally. They also just announced the divy then so it's safe, even at 10%. Housing starts in the US are now doing better then in last Q. Also housing starts and OSB prices in Europe are increasing as their economy is finally starting to recover. Institutions are grabbing this on this weakness as retail investors are selling without knowing the whole story. 
Bullboard Posts