As can be seen, yesterday's pick from Damas (second stock in the clip) was the third consecutive top pick from analysts. Concensus is 7/7 Buys with a $50 target. GLTA
https://www.bnn.ca/video/chris-damas-top-picks~1199243
NORBORD (OSB.TO) – $43.08
Norbord is the leading oriented strand board (OSB) producer in North America and three quarters of production is geared towards North America, with the rest of OSB and MDF panel production in the U.K. and in Gerk, Belgium. About half the North American OSB is commodity priced and used for new home construction and R&R (repair and renovation). Norbord is doubling capacity at their Inverness, Scotland facility. OSB and other structural panels are not included in the softwood trade negotiations but would be affected if NAFTA were terminated. Norbord has seven mills in the U.S. and six in Canada. The Huguley, Alabama mill is coming out of care and maintenance this year. Harvey may cause some short-term disruption in panel distribution, but longer-term reconstruction should benefit Norbord. We have recommended Norbord consistently since May 2016 and expect the company to produce, annualized, at least US$5 in adjusted earnings per share at peak panel pricing, which we believe is still ahead of us. We had a US$36 price target on Norbord over a year ago and now have a US$40/CAD$50 price target. The company earned $165 million in adjusted EBITDA, $1.10 in adjusted EPS and raised the quarterly dividend to 50 cents, up from 30 cents in Q2. Brookfield Asset Management private equity funds and affiliates sold 3.55 million shares of Norbord at $42.35, which closed August 9, and continue to own 41.86 million shares or 48.6 per cent of Norbord. Immediate additional sales are unlikely.
2017-08-31 TOP PICK Chris Damas
He recommended it back in May. This was without a hurricane. They are in the South East in the sweet spot. (Analysts’ target: $50.00).
Login to show your approval Login to show your disapproval / Be the first to comment
Price:
$43.000
Subject:
Cannabis, Agriculture & Fertilizer
Bias:
BEARISH
Owned:
Yes
2017-08-23 TOP PICK Jason Mann
US home builders are the driver. It has good price momentum. It has great valuation. It is cyclical, but you aren’t paying a lot for it. (Analysts’ target: $50.00).
Login to show your approval Login to show your disapproval / Be the first to comment
Price:
$41.280
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2017-06-23 TOP PICK David Cockfield
Oriented strand board is the equivalent to plywood, when they put the panels together. The softwood lumber dispute could actually be positive for this company. A lot of their plants are in the US. This is a way to get your toe into the housing market. They just tripled the dividend. Dividend yield of 3%. (Analysts’ price target is $46.50.)
Login to show your approval Login to show your disapproval / Be the first to comment
Price:
$39.980
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes