$BCC, Strong StockBoise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber products.
Positive
Yields high return on invested capital
Holds more cash than debt on its balance sheet
Strong earnings should allow management to continue dividend payments
2 analysts have revised their earnings upwards for the upcoming period
Valuation implies a strong free cash flow yield
Profitable over the last twelve months
Negative
Stock price movements are quite volatile
RSI suggests the stock is in overbought territory
Goldman Sachs maintains Boise Cascad Llc at 'neutral' with a price target of $96.00
BCC trade ideas
BCC | Strong Fundamental & TechnicalsBoise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber products. This segment's products are used in new residential construction, residential repair-and-remodeling markets, light commercial construction, and industrial applications. It sells its products to wholesalers, home improvement centers, retail lumberyards, and industrial converters. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors, metal products, insulation, and roofing; and engineered wood products. This segment sells its products to dealers, home improvement centers, and specialty distributors. The company was founded in 2004 and is headquartered in Boise, Idaho.
Not Financial Advice - Just perfecting a process... At the time of this posting, I don't own any positions!
Idea:
Price Target: $2.89 - 3.33 dollars
- Bullish
Pros:
RSI over sold
Increasing volume - charts
Huge Institutional Ownership - fintel. io
Cons:
Unconfirmed breakout - charts
Recessionary environment - economy
Not Financial Advice - Just perfecting a process... Do you own due diligence before investing!
Leave a comment that is helpful or encouraging. Let's master the markets together
BCC reboundBCC has dropped ~28.5% from it's ATH. Lumber was a hot commodity and cooled off, but looks poised to bounce back. BCC has pulled back to it's long term trendline and it's 2nd Fib retracement level. It also has support from the 150SMA which looks like support from it's previous corrections. RSI showing bullish divergence. This could be a good swing trade to the first Fib level where it would hit resistance.
BCC: Wood is in big demand. Price way up.Long.RV makers are in short supply of the lumber they need. Prices have gone way up. Prices may stall for awhile but remain higher than last year. We have a nice "W" base. Potential target given.
All projections are always a guess. SO process your way.
Have a good week.
From Zacks;Boise Cascade Company operates as a wood products manufacturer and building materials distributor. The Company manufactures engineered wood products, plywood, lumber and particleboard and distributes wood products, such as decking, EWP, lumber, panel, particleboard, and MDF products. It has operations primarily in the United States and Canada. Boise Cascade Company is headquartered in Boise, Idaho.
Just watching for a multi month Breakout.Good example of a double bottom and double top i used the weekly chart to make easy on the eyes and ignore the noise. This company is holding 99% of their stock with a float of 38mil with a strong fundamental base. very good for swing trade and quick price movement. its hard to follow whats going to happen next but wen you go to the daily chart is starting to look for a consolidation. for a multi month breakout if it hold lvls and we see some volume come in.