Norbord is a name to watch during the home-building downturn [Toronto Globe and Mail (Ontario, Canada)]
NORBORD INC (OSB)
US:NYSE Investor Relations:
norbord.com/investors
Company Research
Source: Toronto Globe and Mail
Believe the worst is over for the U.S. housing market? Then this is a stock to watch The U.S. housing market sent troubling signals toward the end of 218, walloping companies with direct ties to the home-building sector, but also creating some great buying opportunities for anyone who likes beaten-up stocks. Norbord Inc. is a name to watch here. The Toronto-based company, which makes oriented strand board (OSB) used in home construction, has a particularly volatile relationship to U.S. housing numbers: The share price fell nearly 45 per cent between June and October, 218, and has been coasting along two-year lows for most of the past four months. The downturn followed rising borrowing costs in the United States, as the Federal Reserve raised its key interest rate steadily in 218 amid inflationary pressures and strong economic activity. The yield on the U.S. 1-year Treasury bond rose above 3 per cent in April, 218, for the first time since 213, and headed as high as 3.24 per cent in No
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