We all know the price of sheet goods have gone through the roof in the past few months & weeks. In my spare time I like making $$$! If you do a 3 month stock chart on some of the big plywood / OSB makers you will see that they are doing WELL!
Look up the following companys on the stock market .
Weyerhaeuser stock symbol WY
Potlatch PCH
Louisiana Pacific LPX
Boise Cascade BCC
To some the price of sheet goods is a obstacle to others a opportunity!
Edited 9/19/2003 12:10:37 AM ET by G80104
Replies
The fact that their stock prices go up doesn't necessarilly mean that they're making money.
The stock prices go up because people are BUYING the stock.
I'm sure they're making money now in a big way. But they also have to follow the market when it goes DOWN. Then you won't be seeing headlines about how little the copmpany is making - You'll see headlines that say they've idled a plant and layed off workers.
It is necessary for us to learn from others' mistakes. You will not live long enough to make them all yourself. [Hyman G. Rickover]
Wish it was that easy, the price of stock does not always go up because people buy it . Go to the daily most active list & you will see stocks in the top ten on that list that sink like a rock. To many factors today that effect the price of stocks.
I'd be pretty leary investing in these companies for the long term.
Seems to me like a short-term price spike. Mostly brought about by a huge housing boom and some logging problems from weather and fires.
If interest rates go up, as they're likely to, the housing boom could quickly evaporate. Demand will drop, and prices will also. Particularly since there have been several consecutive years of record housing starts. Eventually those numbers have got to come down.
If you buy now it's likely you'll be buying high and selling low.
Warning: Just my opinion. Don't make any investment decisions off what someone on an internet chat room tells you.<G>