Norbord Inc. T.OSB

This is nuts

[DADsaid37]

How a company shares can drop over 30% in less than a month is pretty insane given the fact it just reported record earnings in their last quarter and will certainly post decent profits in their next..Q3. I hope management is talking to the investment community and trying to stop the slide. It is obvoiusly currently viewed as a poor investment and is selling off like 9/11. We always hear mgt talking about shareholder value. Well folks heres your chance!!

[dosperros]

Well put sir.  I will pass the message on to Mr. Wijnbergen.   We also have an issurer bid coming very soon.  You will be pleased to know we will buy back your shares for cancelation at any time of your choosing at market rates subject to NCIB conditions. Otherwise, falling tides carry all boats and we must resist the need to short.  I only short on an as needed

[DADsaid37]

Thanks hopefully PW & co will act. Not sure about your offer on buying my shares. Might need year end capital losses but never thought i would look at Norbord for that. Im an investor and have a decent cost base...rarely short if ever. As for tides and boats here is my 2 cents. Tides are gentle and graddual not 54 to 35 in 14 days. As for boats i actually own one and have a sign in my bathroom

[rjb1954]

OSB is obviously a short target in recent weeks. The company went into its quiet period at the beginning of October, so it really isn't in a position to repond until earnings are declared on Nov 1. Lumber prices have dropped dramatically in the last few months after reaching bubble-like highs. It looks like osb prices are off by about a third in the same period. I suspect the osb price drop

[TimeScape]

When OSB reported those results, they mentioned the price of oriented starnd board hitting $445. It's $290 now.  That's why the stock is down.  Used to own this, and the volatility is not unusual.