Sales of RV (Recreation Vehicles) has been in very brisk demands in US since the pandemic and RV requires lumber products as one of its components. FLB is one of the suppliers for this market. Coupled with this year's high record price of lumber,shareholders of FLB hope the company is able to benefit greatly from this two opportunities. Shareholders can expect good dividends again as FLB has a good track record of rewarding shareholders with dividends based on its yearly earnings. Perhaps the recent aggressive share buy-back by FLB gives us a hint of what is to come in the coming months.
Plywood markets are rebounding, with benchmark prices surging by as much as 22%.
According to Kevin Mason, managing director of Vancouver-based ERA Forest Products Research, Western Fir plywood is up 14% from early May and Southern Yellow Pine plywood prices have gained 22% from their low in mid-April.
Supplies shrank after efforts to slow the coronavirus outbreak forced some North American producers to cut capacity just as people were buying more wood to fix up their homes during lockdowns, he said. Mason also said he believed demand gained in May as looting broke out in some parts of the U.S., prompting shop owners to buy plywood and board up storefronts.
RV industries expect more people to start using RVs as mobile offices as well. Some manufacturers are developing RVs “with dedicated workspaces that allow for the desks and other systems to be stowed away once work is over.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....