Professional
Added to YB: 2024-05-06
Pitch date: 2024-04-28
LPX [bullish]
Louisiana-Pacific Corporation
+16.16%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions for applications in new home construction, repair and remodeling, and outdoor structure markets.
Market Cap
$6.5B
Pitch Price
$73.35
Price Target
149.14 (+75%)
Dividend
1.28%
EV/EBITDA
16.01
P/E
45.01
EV/Sales
2.44
Sector
Paper and Forest Products
Category
turnaround
Greenhaven Road Capital Main Fund New Portfolio Holding: Louisiana-Pacific Corporation
LPX: Mgmt wisely converting commodity OSB mills to specialty siding & non-commodity OSB. Siding has 50% EBITDA margins, 4% annual price & 6% volume growth. Specialty OSB more stable w/ higher margins. Housing deficit supports demand despite rates. 50% buyback & 2x dividend in 5yrs. Can 2x in 2-3yrs, 5x in decade.
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