Professional
Added to YB: 2024-05-06
Pitch date: 2024-04-28
LPX [bullish]
Louisiana-Pacific Corporation
-3.62%
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 in the United States, Canada, and South America.
Market Cap
$4.9B
Pitch Price
$72.78
Price Target
149.14 (+113%)
Dividend
1.71%
EV/EBITDA
15.54
P/E
60.03
EV/Sales
2.00
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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