OSB

Norbord Inc

Industrial/Transportation


Presented:06/14/2019
Price:$23.43
Cap:$1.91B
Current Price:$43.13
Cap:$3.52B

Presented

Date06/14/2019
Price$23.43
Market Cap$1.91B
Ent Value$2.86B
P/E Ratio7.37x
Book Value$9.83
Div Yield5.05%
Shares O/S81.67M
Ave Daily Vol192,247
Short IntN/A

Current

Price$43.13
Market Cap$3.52B
Norbord, Inc. engages in the manufacturing, sales, marketing and distribution of wood-based panelboards and related products. Its products are used in the construction of new homes or in the renovation and repair of existing structures. The company was founded in 1987 and is headquartered in Toronto, Canada.

Publicly traded companies mentioned herein: Louisiana-Pacific Corp (LPX), Norbord Inc (OSB; OSB CN)

Highlights

Norbord is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB) used in new housing starts and construction. Bulls believe that recent production curtailments by Norbord and Louisiana-Pacific at two mills (one each, representing ~4% of total capacity on an annualized basis) should alleviate the supply overhang; however, the presenter is short the stock due to the belief that OSB demand is still lagging behind current supply. And, at current spot prices (~$180 per Msf 7/16"), Norbord can’t break-even on an EBITDA basis.

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Idea Discussion

Commentor 1 - 2 weeks ago

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