Norbord Notches Strong 2Q Amid Elevated Panel Prices; Announces CAD 4.50 Dividend
We were impressed by yet another strong quarter from Norbord. With both panel and lumber prices surging beyond even our lofty expectations for the year, sales and EBITDA both remain ahead of pace for the year. We've increased our annual forecast for the Random Lengths OSB index to reach $410 before easing next year as additional supply enters the market. Accordingly, we've lifted our fair value estimate to CAD 46 per share from CAD 44 to account for higher near-term cash flows. Our no-moat rati...Norbord is a producer of wood-based panels with 17 plant locations in the U.S., Europe and Canada.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.