Shares in Boise Cascade Company have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Summary
● In a short-term perspective, the company has interesting fundamentals.
Strengths
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The tendency within the weekly time frame is positive above the technical support level at 32.25 USD
Weaknesses
● The company does not generate enough profits, which is an alarming weak point.
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Boise Cascade Company is a producer of engineered wood products (EWP) and plywood in North America and a wholesale distributor of building products in the United States. Its segments include Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber (LVL), I-joists, and laminated beams. In addition, it manufactures structural, appearance, and industrial plywood panels, and ponderosa pine lumber. The Building Materials Distribution segment operates a network of distribution facilities that sell a broad line of building materials, including oriented strand board (OSB), plywood, and lumber, and general line items, such as siding, composite decking, doors and millwork, metal products, roofing, and insulation. Its products are used in the construction of new residential housing, including single-family, multi-family, and manufactured homes, the construction of light industrial and commercial buildings, and industrial applications.