Lasting Rally?: Louisiana Pacific: Why Buffett Stock Could Be Good for Investors

For the year as a whole, the stock is still in the red. After star investor Warren Buffett bought shares in the building materials manufacturer in the third quarter, the share rose. Is the rally permanent?

Warren Buffett’s plan seems to be working once again: since it became known in mid-November that the stock market guru had bought a total of 5.8 million shares in US building materials manufacturer Louisiana Pacific in the third quarter of 2022, the stock has been on the upswing. In a month, the share price is up more than 19 percent, up 4.11 percent yesterday alone. The estimated P/E is loud
Marketscreener at 4.61 and the estimated dividend yield at 1.35 percent. Louisiana Pacific is currently trading at $65.42.

The company is an established player in the market. It was founded in 1973 and has 4,100 employees in the USA, Canada, Chile and Brazil. By 2021, it has performed remarkably: Since 2019, sales have almost doubled to $4.55 billion. During the same period, EBITDA rose from 209 to 1.97 billion US dollars.

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