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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

Comment by DADsaid37on Sep 26, 2018 7:10am
171 Views
Post# 28690729

RE:Downturn?

RE:Downturn?In my non-expert opinion the are multiple factors at work. Last week US housing starts came out for Aug. Even though they improved from July & June numbers I think the lower permits were concerning to investors (future builds). Add in rising interest rates that drive buyers away as well as the delayed NAFTA deal and "presto" forest product companys get punished. OSB prices are lower as well and will lower Q3 earnings but still will be quite good for Norbord. I dont see 4.50 div. But maybe $2. Bottom line is OSB is getting dragged down with all forest companies due to economic factors. Probadly a good buy at this price $44 CAD. Re-read Norbords Q2 earnings report especially comments on future outlook. Quite solid. Non-expert over and out!
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