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IFSPF - Westlake Is An Incomplete Housing Inventory Play
Interfor Corp
Westlake is vertically integrated and creates products that benefit from the secular homebuilding trends.
With a renewed focus after acquiring Boral on products for the end of the building cycle, they benefit from pent-up demand as uncompleted house inventory rises.
High founder ownership of Westlake stock is also a good sign for longer-term investors.
We think housing might be an exception to our house view and rate WLK a buy.