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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 Dadsaid2on Nov 05, 2020 8:40pm
169 Views
Post# 31849184

RE:RE:RE:RE:Q3 $0.60 dividend

RE:RE:RE:RE:Q3 $0.60 dividendI think the earnings even surprised mgt and then the board went conservative on the dividend. Check the balance sheet ..current assets up by $256 million USD...mostly cash and receivables. So they are hanging on to the cash this quarter. If Q4 is similar or better than Q3, they will undoubtedly increase the dividend again and it could be a lot. Based on OSB pricing, the first 6 weeks of Q4 are at record pricing so l predict Q4 should produce better results than Q3. Unless the market and demand fall off the cliff in the next month or so things are looking fantastic. Why a stock falls after great results is always a mystery to me. It happened to Norbord back in Sept-Oct 2018 after record Q2 earnings. The stock fell from $50 to $30 in 6 weeks. Totally insane in my opinion but it happened. Anyway buy the dips take the divided and sleep well. GLTA.
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