Lumber Futures...coming off theit highs for the past week as inventory moves through the system. Retailers reluctant to stock shelves at elevated prices for fear of getting stuck. Classic JIT inventory management.
However the industry believes that the price will settle in at historically high pricing ($1,000) due to supply constraints in 2021 and into 2022.
The interesting thing is that the share prices of these companies never did reflect a sustained elevated price nor did the 12 month forecasts. Now we are coming off the reasonable valuations as market does its typical knee jerk reaction.
Good value at these prices IMHO. Unfortunatly, I am not in charge.