BCC - Boise Cascade Company: Despite Roaring Higher Shares Still Have Room To Run
2024-05-28 15:42:45 ET
Summary
- Boise Cascade Company's stock has appreciated significantly, outperforming the S&P 500.
- The company's revenue and profitability declined due to weakness in the housing market.
- Despite the challenges, Boise Cascade's revenue and profitability are starting to improve in 2024, and shares look cheap enough to warrant additional upside.
One company that I have been bullish on for quite some time is Boise Cascade Company ( BCC ). For those not familiar with the company, it focuses on producing and selling wood-oriented products like laminated veneer lumber, laminated beams, I-joints, plywood, strand board, and other similar offerings. You would think that, given the high interest rates and the impact this would have on housing and other construction activities, that a company like this would be taking hit after hit in the market. But the reality of the situation couldn't be more different....
Boise Cascade Company: Despite Roaring Higher, Shares Still Have Room To Run