Reducing Wood Product Company Fair Value Estimates by 15%-25% on Weaker Housing Outlook
Having reassessed our housing starts projections in light of recent trends in key housing data, we've lowered our expectations for new construction activity over the next decade. We now expect roughly 15 million cumulative housing starts between 2018 and 2027, an 11% reduction from our previous forecast of 16.8 million.However, with some pundits proclaiming that the housing market has peaked, our revised forecast is still bullish relative to the consensus view. Indeed, we still see several more...
West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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.
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