It looks like the currency war is in the final stages and a reversal is near. Today the brazil Real (brl) broke into a free fall against the USD. Once lumber commodities break to the upside, it will be hard for Brazil to dump their lumber in America for extremely below costs.
BCC will continue to raise back to 25.00 over the summer. the slow turtle always wins the race. don't sell (give) your shares to the shorts
It is extremely easy to move a companies share price then their are only 38.61 million shares floated. However it is extremely hard to get a mutual fund to sell their shares. Last weeks action was clearly pointed at BCC repurchase program of 1.6 million share buyback. The hedge fund helping the drive was the winner. Today BCC post their annual statement. Their is nothing wrong with the increased sales growth and their projected sales growth. Price wars will come and go in every market. Lower commodity prices will help growth down the line. Shareholders need to understand which advertising firms are short (zack) and which firms publish just the news.
fair market value today for BCC is 18.50 - 20.00 a share
it looks like BCC hedge fund partner, bought the shares yesterday, that BCC will purchase for their buy back program. now all they will do is leave the stock at this price for a few days (too look good), then back up to 18.00.
BCC will be (is) buying back the repurchase shares at these low prices with the help of their short friends.
Brazil is dumping plywood in America (nothing new) that is why home depot plywood is #$%$. it doesn,t even stay together after a little rain.
"new private equity" building plywood plant out west (so what). with a plywood price war, the new equity firm will go bust, b/f an established company does. BCC was already saying, some of these smaller firms are already bleeding cash. (positive for BCC)
what's good with BCC, as they state, if plywood is going through a tuff, time, they can tool their machines to focus on lvl and milled products.
if BCC bought their buy back shares b/f this Q report, their would be legal issues, now that everything is in the open, buy away. inflation is coming back to America. these companies can not continue to sell at these give away prices. brazil is selling garbage wood, osb is the American version of garbage.
Today would be a good day for BCC to buy the remaining buy back shares. Odd, their sales keep raising, BUT BCC does not make any money ?? somebody sold a bad contract to a big box store ? O well, it looks like a long spring before these shares raise again. A lot of damage done here, CEO might need to leave.