Andrea Marcon
Andrea Marcon
Switzerland
๐Ÿ“Š ๐‹๐ž๐ญโ€™๐ฌ ๐ญ๐š๐ค๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐—•๐—–๐—– ๐š๐ง๐ ๐ข๐ญ๐ฌ ๐Ÿ๐ฎ๐ง๐๐š๐ฆ๐ž๐ง๐ญ๐š๐ฅ๐ฌ (short analysis) ๐–๐ก๐š๐ญ ๐“๐ก๐ž๐ฒ ๐ƒ๐จ: $BCC (Boise Cascade Company) is a US-based producer of ๐—ฒ๐—ป๐—ด๐—ถ๐—ป๐—ฒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐˜„๐—ผ๐—ผ๐—ฑ ๐—ฝ๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐˜๐˜€ (๐—˜๐—ช๐—ฃ) ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—น๐˜†๐˜„๐—ผ๐—ผ๐—ฑ, generating a majority of its revenue from its building material distribution segment. It was founded in 1957 and went IPO in 2013. ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐Ÿฐ๐Ÿณ% ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต โ—พ ๐—š๐—ฟ๐—ฒ๐˜„ from 4.64B USD in 2019 to 6.84B in 2023 ๐†๐ซ๐จ๐ฌ๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ญ: ๐Ÿญ๐Ÿญ๐Ÿฌ% ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต โ—พ ๐—š๐—ฟ๐—ฒ๐˜„ from 0.68B USD in 2019 to 1.43B USD in 2023 ๐—š๐—ฟ๐—ผ๐˜€๐˜€ ๐๐ซ๐จ๐Ÿ๐ข๐ญ ๐Œ๐š๐ซ๐ ๐ข๐ง (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ): ๐Ÿฎ๐Ÿฌ.๐Ÿต% ๐—ก๐—ฒ๐˜ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ): ๐Ÿณ.๐Ÿญ% ๐๐š๐ฅ๐š๐ง๐œ๐ž ๐’๐ก๐ž๐ž๐ญ: ๐—ง๐—ผ๐˜๐—ฎ๐—น ๐—˜๐—พ๐˜‚๐—ถ๐˜๐˜† ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ๐—ฑ from 851M in 2020 to 2.2B in 2023. โ—พ Driven by an impressive ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ถ๐—ป ๐˜๐—ผ๐˜๐—ฎ๐—น ๐—ฎ๐˜€๐˜€๐—ฒ๐˜๐˜€ from 1.97B in 2020 to 3.46B in 2023. ๐‚๐จ๐ฆ๐ฆ๐จ๐ง ๐’๐ก๐š๐ซ๐ž๐ฌ ๐Ž๐ฎ๐ญ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ : ๐—ฑ๐—ฒ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ๐—ฑ from 39.3M (2020) to 38.8M (2023) โ—พ This tells investors that a ๐˜€๐—ต๐—ฎ๐—ฟ๐—ฒ-๐—ฏ๐˜‚๐˜†๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ต๐—ฎ๐˜€ ๐—ฏ๐—ฒ๐—ฒ๐—ป ๐˜๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ฝ๐—น๐—ฎ๐—ฐ๐—ฒ, possibly indicating a belief within the corporation that the shares are/were undervalued. ๐…๐ซ๐ž๐ž ๐‚๐š๐ฌ๐ก ๐…๐ฅ๐จ๐ฐ: โ—พ ๐—–๐—ผ๐—ป๐˜€๐—ถ๐˜€๐˜๐—ฒ๐—ป๐˜๐—น๐˜† ๐—ฃ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ โ—พ ๐—š๐—ฟ๐—ฒ๐˜„ from 163M in 2020 to 472M in 2023 When Pairing the above fundamentals with a ๐—ฃ/๐—˜ ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ ๐—ผ๐—ณ ๐Ÿญ๐Ÿฎ.๐Ÿฌ๐Ÿณ and an ๐—˜๐—ฃ๐—ฆ ๐—ผ๐—ณ ๐Ÿญ๐Ÿฌ.๐Ÿฎ, BCC ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐˜€๐—ฒ๐—ฒ๐—ป ๐—ฎ๐˜€ ๐—ฎ ๐˜€๐—ผ๐—บ๐—ฒ๐˜„๐—ต๐—ฎ๐˜ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ๐—ฑ ๐—ฎ๐—ป๐—ฑ ๐˜€๐˜๐—ถ๐—น๐—น ๐—ด๐—ฟ๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜†, with potential for further growth. However, it is important to note that ๐—ฝ๐—ฎ๐˜€๐˜ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ป๐—ผ๐˜ ๐—ฒ๐—พ๐˜‚๐—ฎ๐—น ๐—ณ๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ, and that continued growth is not guaranteed. It is also important to consider that when operating in the resource sector, in this case lumber and wood products, the performance of the company ๐˜„๐—ถ๐—น๐—น ๐˜‚๐—ป๐—ฎ๐˜ƒ๐—ผ๐—ถ๐—ฑ๐—ฎ๐—ฏ๐—น๐˜† ๐—ฏ๐—ฒ ๐—ถ๐—ป๐—ณ๐—น๐˜‚๐—ฒ๐—ป๐—ฐ๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ผ๐˜€๐—ฒ ๐—ฟ๐—ฒ๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€ โ€“ prices that have recently seen significant ๐—ณ๐—น๐˜‚๐—ฐ๐˜๐˜‚๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€, in part due to geopolitics. These are all considerations that investors should keep in mind when considering investments and determining portfolio exposure. ๐…๐ข๐ง๐š๐ฅ ๐“๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ฌ: ๐Ÿ” โ—พ BCC is a ๐—ด๐—ฟ๐—ผ๐˜„๐—ถ๐—ป๐—ด, ๐—ฝ๐—ฟ๐—ผ๐—ณ๐—ถ๐˜๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜† with prospects for further growth โ—พ Despite recent growth, it is important to note that ๐—ฝ๐—ฎ๐˜€๐˜ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ป๐—ผ๐˜ ๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ฎ๐—ฟ๐—ถ๐—น๐˜† ๐—ฝ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐˜ ๐—ณ๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ โ—พ Performance will be ๐—ถ๐—ป๐—ณ๐—น๐˜‚๐—ฒ๐—ป๐—ฐ๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€ ๐˜๐—ต๐—ฒ๐—บ๐˜€๐—ฒ๐—น๐˜ƒ๐—ฒ๐˜€ โ—พ Due to the above fundamentals, the stock is currently a component of my portfolio (currently +5.25%), and may receive further investments on my part going forward.
Not investment advice. The author may have financial interests in the mentioned instruments.
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