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Strategies & Market Trends : Value Investing

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petal

To: Grommit who wrote (66929)	3/19/2021 9:03:41 PM
From: Spekulatius	1 Recommendation Read Replies (1) of 78958

Re OC - I am familiar with Owens Corning and it seems like an OK value. I am not really looking for a housing play however. I think housing can run for a while, but some of the excess margins from higher pricing may come off quickly. I mentioned my brother working sales for a lumber mill in Belgium and they are now exporting 4x4 into the US market for the first time because the excess profits are higher than in Europe. Capitalism has a solution for higher prices and I think at least in lumber, we will see prices coming down, it just takes a little. OC has less of that issue. However my holdings ORI and FAF are already housing plays in the sense that title insurers benefit from more mortgages. I am less concerned about competition here that I would be if I owned commodity plays. This whole inflation frenzy reminds me of 2011 when we also saw a rush in commodities, including silver that quickly wore off. I do think we will see an inflation spike but I don’t think it is going to be long lived.

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