Stella-Jones Inc T.SJ

Alternate Symbol(s): STLJF

Forest Products Lumber & Wood Production

Stella-Jones Inc. is a Canada-based producer of pressure-treated wood products. The Company supplies various electrical utilities and telecommunication companies with wood utility poles and North America’s short line and commercial railroad operators with railway ties and timbers. The Company also provides industrial products, which include wood for railway bridges and crossings, marine and foundation pilings, construction timbers and coal tar-based products. Additionally, the Company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network. The Company operates 45 wood treating plants and a coal tar distillery. These facilities are located across Canada and the United States and are complemented by a procurement and distribution network.

TSX:SJ - Post by User

Stella-Jones Inc > Bruce Campell on BNN - Partial Buy

<< Previous

Bullboard Posts

Next >>

Post by Possibleidiot01on May 02, 2022 2:10pm

145 Views

Post# 34648357

Bruce Campell on BNN - Partial Buy

PARTIAL BUY

Well managed for many years, focused on railway ties and have expanded into wood products, but got caught up in the lumber price downturn. That hit the stock. Also, exports to China has declined due to Covid there. Lumber is in a cyclical downturn, so this is a tough call. Share have fallen into the mid-30s. The value remains, but market momentum will remain negative to 6-8 months. But this fear may be baked into shares now.

misc industrial products

$35.210