LP takes out Ainsworth at 30% premium. Imgine what WEF could be worth? Here is the rational. Excerpted from Louisianna Pacific news release. This gives further evidence, imho, that the US housing recovery is underway and imho that interest rates will stay low.
"The APA consensus projection for U.S. housing starts for the full year 2013 is 957,000, an increase of 23% from 2012. For 2014, the consensus projection is approximately 1.2 million starts. We believe the acquisition of Ainsworth provides LP with greater flexibility and exposure to this recovery."
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All imho of course.