
Norbord (TSX:OSB) Successfully Tests Breakout From Massive 4-Year Base
US housing starts rose more than expected in October, surging 25.5% from the revised September figure to a seasonally-adjusted rate of 1.32m. This marked a nine-year high and couldn’t have come at a better time “seasonally” for our forestry stocks. Forestry stocks tend to do well between the months of November to February as they run up into the spring home building season. Below is a chart highlighting the seasonal trend for the forest products industry via EquityClock.com: Both of these statistics bode well for one of my favorite companies, Norbord Inc. (TSX:OSB). There are only 3 or 4 major players in the oriented strandRead More →