Stock of the Week: Norbord

Wood’s on fire right now

Andrew Willis 23 November, 2020 | 1:26AM

 

 

*Update: On Nov. 19, West Fraser announced the planned acquisition of Norbord. In our view, the deal looks more favorable to West Fraser's shareholders than Norbord's. Accordingly, we have increased our West Fraser fair value estimate to CAD 56 per share from CAD 53 while we maintain our Norbord fair value estimate at CAD 36 per share. The combined firm will still lack a competitive advantage, in our eyes, consistent with our predeal no-moat ratings for both companies.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Norbord Inc50.87 CAD-0.53

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

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