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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
Post by carlocarlion May 13, 2013 10:24am
199 Views
Post# 21384897

Geat buying opportunity coming

Geat buying opportunity coming

It should break the $30 barrier by mid week. After that, it will collapse to at least the mid-twenties. There is zero buying interest and this will continue as long as OSB prices will continue to drop (as they have for the past six weeks). OSB in the North East is down to $357 from an average of 417 in the first quarter. Investors know that the second quarter results will be much worse than those of the first quarter and are bailing out in droves. When the stock comes off dividend  on the 29, there will be a further incentive to sell.  All this combines for bargain prices ove the next three to fours week. It is best to stay on the sidelines and watch the collapse, to then buy when the stock finally finds a support base(between $ 20 and 25).

Bullboard Posts