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Bullboard - Stock Discussion Forum 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 Discussion

Norbord Inc. > Example..total market BS.
View:
Post by Dadsaid2 on Nov 11, 2020 12:58pm

Example..total market BS.

Someone on WEF bullboard page questioned me on why Norbord drops $6 over a couple days after reporting record earnings and doubling the dividend to 60 cents from 30 which represents a 5% return on a $48 share price. I referred them to my previous post here on Norbord BB. Which brings me to this....Linamar Corp symbol LNR posted solid earnings this morning and doubled their dividend to 24 cents from 12. The shares rose over $8 to a high of $56.77..like 17%. 24 cent dividend is less than 2% return on yesterdays close price of $48.43 and even less to all the suckers buying LNR in the mid 50's today. This is an example of how BS the market can be. Something is totally wrong here. Why would Joe Q Investor put dollars into LNR today for a 1.7% dividend when you could buy OSB at $42 and get 5.75%. Total market BS...but hey what do l know. GLTA.
Comment by Frost19 on Nov 12, 2020 9:51am
Investors were hoping for a 10-20% special dividend this quarter.  Instead management decided to be conservative (covid and all) and just doubled the current dividend.  Management is holding record amounts of cash and as the cash pile continues to grow everyday at record pace they will at some point in the next 3-6 months... 1. special div of 10-20%, 2. buy back shares at much higher ...more  
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