Fascist Oligarchs Attack Cute Cuddly Canadians Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Snowshoe	10/6/2006 7:33:43 PM
	Read Replies (1) of 1293

Lumber price-freefall splinters earnings outlooks ________________________________ By Laura Mandaro, MarketWatch Last Update: 4:49 PM ET Oct 5, 2006 SAN FRANCISCO (MarketWatch) -- A sharp drop in the price of plywood and other wood products used in the housing industry is likely to shave profits at the major lumber companies, who start reporting their third-quarter earnings later this month. Benchmark lumber prices, as tracked by the Random Lengths Framing Composite Price Index, have tumbled to $272 per thousand board feet this week, the lowest weekly price since January 2001. They stood at $400 a year ago. Prices on products like green Douglas Fir two-by-fours, a staple among California homebuilders, have fallen even more sharply. Prices have dropped to $200 from $360 from a year ago, says industry publication Random Lengths. That's one of the reasons analysts are forecasting a drop in third quarter earnings for the two biggest publicly traded producers of lumber this quarter. More: marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next