Post by
islandbrook on Dec 09, 2020 3:12pm
Out To Lunch
The 6 Canadian analysts who claim to be following lumber stocks. are totally " out to lunch". Consider that at todays current future price for lumber is 42% above the average price forecast for the year 2020.How is it possible that 2021 earnings are expected to FALL by 44.4% to $2.15 from $3.87.
A 100% increase in concensus estimates to $4.30 is more probable considering the outlook for pricing and volume of demand for 2021.
Comment by
Aminvestor1234 on Dec 09, 2020 3:41pm
Speaking of analysts. Can someone explain why they would recommend buy or hold when a stock is trading at $60 and their projected target is $50.
Comment by
RJsizzl on Dec 10, 2020 1:14pm
This looks like a lot of work to write for a very small audience, but it's kind of a funny bit. 7/10.