Bottom this should have never passed 1.35For anybody new it's quite simple in the lumber industry. You take the TTM which is .27.. times that by 5 and you get the rock bottom the company should have reached.
There's a reason inside buying was happening the last couple months at between .74 .77 pre earnings and such a large number of insider held shares. Essentially people whole actually work for the company know how to value lumber industry standards/ valuations and they Essentially see an oversold company that by industry standards should have never passed 1 35.
How we got here who knows, but stop panicking it's a stable company with 3x it's MC in assets and they're setting production records. One swift turn of lumber prices and you're in the green.