IBH has ownership of patented intellectual property. This has been further monetized with a licensing/royalty agreement with Kronospan and possibly with LP in the near future. IBH continues to leverage its IP by working with LP to create new products. This has value that the market must evaluate.
That may be so but the market should also evaluate where LRLs working arrangement with Hampton may lead. Seems they are working together to develop new products as well. If LRL starts pulling 40% GPs maybe Hampton will see it as nice fit to take out.Be interesting to see where these two plays are come 2016. For percentage of return I like LRL. I can see them at 30 cents before I can see IBH at .95 . That represents a double from todays prices.
"Our growing partnership with a large respected forest products group, like Hampton, provides Luxor with an incredible opportunity to increase both sales and production efficiencies," stated John Taylor, president of the company's manufacturing subsidiary.
Luxor continues to do research and development on new products, and will keep shareholders advised on existing activities and progress on new products. Hampton, in conjunction with the engineering design team at Luxor, is already working on additional industrial timber-based products to serve the oil and gas industry, for release later this year.
About Hampton Lumber Sales -- Canada/Hampton Affiliates
Established in 1942, Hampton has forest product operations in Oregon, Wash., and British Columbia. Based in Portland, Ore., Hampton operations include eight sawmill complexes with a production capacity of over 2.3 billion board feet per year, making Hampton, with over 1,800 employees, one of the largest lumber producers in North America.
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