LPX:
Louisiana Pacific Corp looks good in the long haul
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Rate Analysis
2 ratings
Posted 39 days ago on 10/13/09
LPX will go UP
$20.00 on 10/13/09
$6.10 (-13.35% from time of market call)
Disclosure I do own this stock in my portfolio. Louisiana Pacific Corp is a company that specializes in wood and foundations for housing. It is the low cost producer in the industry and as we all know the housing market has yet to come back. When it does everyone will begin to go to Louisiana Pacific so they can reduce costs but still have quality. It has come from two dollars to seven since the crash and still has plenty of upside. I say buy and hold on to it until it reaches its your target price. I am putting mine at $20 and if it is showing even more upside I would consider raising it to $25.