Home Sectors Basic Materials Long or Short: Boise Cascade (NYSE: BCC)

Long or Short: Boise Cascade (NYSE: BCC)

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Boise Cascade is part of the forest products industry and basic materials sector. The company CEO is Thomas K. Corrick. Boise Cascade Co is a lumber and wood products manufacturer and distributor. It mainly caters to the construction industry through its array of products comprise of plywood, lumber, roofing and composite decking.

Previous Intraday Trading Performance:

The BCC stock showed a previous change of -0.11% with an open at 27.70 and a close of 27.59. It reached an intraday high of 27.90 and a low of 27.53.

SeekingAlpha:  Anxiety At Boise Cascade

Liquidity:

The stock has a market cap of $1.1b with 38.7m shares outstanding, of which the float is 37.6m shares. Trading volume reached 240,660 shares compared to its average volume of 346,231 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Boise Cascade shares returned 3.45% and in the past 30 trading days it returned 2.96%. Over three months, it changed 14.88%. In one year it has changed -29.22% and within that year its 52-week high was 49.30 and its 52-week low was 22.00. BCC stock is 25.44% above its 52 Week Low.

Our calculations show a 200 day moving average of 34.84 and a 50 day moving average of 26.86. Currently BCC stock is trading -20.80% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Anxiety At Boise Cascade

Earnings:

The last annual fiscal EPS for the company was reported at 2.71 that ended on 31st of December 2018, which according to the previous close, that is a PE of 53.06. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.01. The TTM EPS is 2.71, which comes to a TTM PE of 10.18. Historically, the PE high was 53.06 and the PE low was 7.80. If the stock reached its PE low, that would represent a price of 21.14, which is a decrease of -23.38%.

The following are the last four quarter reported earnings per share:
12-31-2018:  -0.28
09-30-2018:  0.76
06-30-2018:  1.29
03-31-2018:  0.94

The dividend per share is currently 0.36, which is a dividend yield of 1.30%. Also, the payout ratio is 13.28%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 25.08, which means it may be overvalued by -10.02%

Indicators to Watch:

Based on the latest filings, there is 151.00% of institutional ownership. Short-interest is 1,070,039, which is 2.76% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.88. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.97

SeekingAlpha:  Fear Not The Premium: 5.99% Yield For BofI Holding’s Baby Bond

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 3.11%, return on assets is 1.31%, profit margin is 0.37%, price-to-sales is 0.21 and price-to-book is 1.59.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 2  :Past Performance Score
 4  :Financial Strength Score
 3  :Future Growth Score
 2  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.