Report
Charles Gross
EUR 101.80 For Business Accounts Only

Favorable demographics, tighter labor markets will drive stronger North American OSB profits.

Favorable U.S. demographics should lift lumber companies Canfor and West Fraser Timber to record profits in the years to come. But due to an eventual supply response and the lack of economic moats, heady profitability is likely to prove fleeting, and we don't regard either stock as a buy.
The largest generation in U.S. history--the millennials--are entering their 30s, the age at which Americans tend to form households. To date, their arrival has been disappointing, as employment and wages for t...
Underlying
Norbord Inc.

Norbord is a producer of wood-based panels with 17 plant locations in the U.S., Europe and Canada.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Gross

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