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Nearly three years ago, after the 2016 US presidential election, we posted “President Trump and the Price of Timber” in response to messages and calls querying the implications of the new administration on the US forest products industry. This week, more…
This is the fifth in a series related to the Q3 2019 Forisk Research Quarterly. Through May 2019, North American wood pellet exports increased 11% year-over-year, reaching 3.4 million metric tons. U.S. wood pellet exports increased 15%. The UK remained the more…
This is the second in a series related to Forisk’s Q3 2019 forest industry analysis and forecasts for the United States and Canada. When reviewing the returns of public timber vehicles, we remind ourselves of the importance of starting price. more…
This is the first in a series related to Forisk’s Q3 2019 forest industry analysis and timber price forecasts for the United States. Each quarter when updating our Forisk Research Quarterly (FRQ) forecast models, we revisit prior projections and review more…
The structural panel industry is heavily consolidated with a small number of key firms in each sector and geographic region. Adding capacity requires significant capital investments and the adoption of new technologies. What do we observe from firms seeking to more…
In a previous post about timber REITs, I quoted Mark Cuban, owner of the NBA’s Dallas Mavericks and investor on Shark Tank, on stocks and dividends: I believe non dividend stocks aren’t much more than baseball cards. They are worth what more…
This is the third in a series related to the threat of substitutes based on from research in the structural panels industry. Part I introduced the sector and core themes, and Part II described the power of effective cost controls more…
This is the second in a series related to the threat of substitutes based on research in the structural panels industry. Part I introduced core themes and the sector. Why Substitute? A consumer considers substituting one product or service for more…
We get introduced to the concept of substitution in elementary school. When Mrs. Schlesinger in third grade is unavailable due to illness or car trouble and Mr. Carson, a substitute teacher, fills in admirably for a day or a week, more…
In the forest industry, where capital investments and forest management plans span decades, we benefit by understanding wood markets and technologies as they actually function. This helps clarify risks and provide context for emerging wood demand from new applications and more…