Comments for LPX - Stockpickr! Your Source for Stock Ideas

Comments for LPX

Added By	Comments	Type	Date Added
barrons2	In the June 27 Daily Stock Alert, Barron's new subscription newsletter, Fleming Meeks noted that L-P's balance sheet is sound, and that making money on the stock's recovery is just a matter of patience. In predicting the dividend suspension, he observed that when L-P last passed its payout, in November 2001 (dividends weren't resumed until February 2004), the shares rallied sharply. Time will tell. By eliminating its common quarterly of 15 cents a share, L-P, the world's largest maker of oriented-strand board for the home-building industry, will save approximately $62 million annually. The Nashville, Tenn.-based company said in a statement that "the [dividend] suspension is among several initiatives in place to conserve...cash reserves during this unprecedented slump in the housing market." These include efficiency gains, cost reductions and downtime at mills to better match supply with orders. In this year's first half, L-P registered a loss from continuing operations of $125 million, versus year-earlier income of $52 million, or 50 cents a diluted share. Revenues declined 14%, to $736.4 million. Traded on the Big Board, L-P's shares were recently quoted at 9 and change. The 52-week high and low: 20.84 and 7.56. Standard & Poor's in late July lowered its ratings on L-P's debt issues to junk status and placed them on CreditWatch with negative implications because of what it believes are prospects for a greater-than-expected deterioration in L-P's available cash balances.	Love	August 09, 2008
High Dividends	7%	Love	March 21, 2008
stockerblog	negative earnings, and a yield of 5.3% .	Love	March 03, 2008
threew	continued losses in sector	Hate	December 30, 2007
wolfdog	Value play at this time when home builders are hated (lumber goes into houses/building)	Love	July 17, 2007
Mary Otto	Real estate holdings, lumber, etc. Good infrastructure for engineered materials for building.	Love	February 22, 2007
goldieboy	Cash is 50% of stock price. Add'l debt can be put. good target for buyout. Suffering from home constr slow down. ROA is meager 5.17% and hence cash is not being used (arguing point to put debt). Beta is 1.61.	Love	December 11, 2006