Intrinsic value of Louisiana-Pacific - LPX

Previous Close

$26.73

  Intrinsic Value

$278.28

stock screener

  Rating & Target

str. buy

+941%

Previous close

$26.73

 
Intrinsic value

$278.28

 
Up/down potential

+941%

 
Rating

str. buy

We calculate the intrinsic value of LPX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  22.40
  20.66
  19.09
  17.68
  16.42
  15.27
  14.25
  13.32
  12.49
  11.74
  11.07
  10.46
  9.91
  9.42
  8.98
  8.58
  8.22
  7.90
  7.61
  7.35
  7.12
  6.90
  6.71
  6.54
  6.39
  6.25
  6.12
  6.01
  5.91
  5.82
Revenue, $m
  3,346
  4,038
  4,809
  5,659
  6,588
  7,595
  8,676
  9,832
  11,060
  12,359
  13,727
  15,163
  16,666
  18,236
  19,874
  21,580
  23,355
  25,200
  27,118
  29,112
  31,183
  33,336
  35,574
  37,901
  40,322
  42,842
  45,466
  48,199
  51,048
  54,019
Variable operating expenses, $m
  1,211
  1,460
  1,739
  2,046
  2,381
  2,744
  3,135
  3,552
  3,996
  4,464
  4,956
  5,474
  6,017
  6,584
  7,175
  7,791
  8,431
  9,098
  9,790
  10,510
  11,257
  12,035
  12,843
  13,683
  14,557
  15,467
  16,414
  17,400
  18,429
  19,501
Fixed operating expenses, $m
  1,275
  1,304
  1,332
  1,362
  1,391
  1,422
  1,453
  1,485
  1,518
  1,551
  1,586
  1,620
  1,656
  1,692
  1,730
  1,768
  1,807
  1,846
  1,887
  1,929
  1,971
  2,014
  2,059
  2,104
  2,150
  2,198
  2,246
  2,295
  2,346
  2,397
Total operating expenses, $m
  2,486
  2,764
  3,071
  3,408
  3,772
  4,166
  4,588
  5,037
  5,514
  6,015
  6,542
  7,094
  7,673
  8,276
  8,905
  9,559
  10,238
  10,944
  11,677
  12,439
  13,228
  14,049
  14,902
  15,787
  16,707
  17,665
  18,660
  19,695
  20,775
  21,898
Operating income, $m
  860
  1,274
  1,738
  2,252
  2,816
  3,428
  4,088
  4,795
  5,547
  6,343
  7,186
  8,068
  8,993
  9,960
  10,970
  12,022
  13,117
  14,256
  15,441
  16,673
  17,955
  19,287
  20,673
  22,114
  23,615
  25,178
  26,806
  28,503
  30,273
  32,120
EBITDA, $m
  983
  1,422
  1,913
  2,458
  3,055
  3,703
  4,402
  5,150
  5,947
  6,790
  7,679
  8,613
  9,592
  10,615
  11,683
  12,796
  13,955
  15,161
  16,415
  17,719
  19,074
  20,484
  21,950
  23,475
  25,063
  26,716
  28,438
  30,234
  32,106
  34,059
Interest expense (income), $m
  0
  19
  29
  40
  53
  66
  81
  98
  115
  134
  154
  175
  197
  220
  245
  270
  296
  324
  353
  383
  414
  446
  479
  514
  551
  588
  627
  668
  711
  755
  801
Earnings before tax, $m
  841
  1,245
  1,698
  2,199
  2,749
  3,347
  3,990
  4,680
  5,413
  6,189
  7,011
  7,871
  8,773
  9,716
  10,700
  11,725
  12,793
  13,903
  15,059
  16,260
  17,509
  18,807
  20,158
  21,564
  23,027
  24,551
  26,138
  27,793
  29,518
  31,319
Tax expense, $m
  227
  336
  458
  594
  742
  904
  1,077
  1,263
  1,461
  1,671
  1,893
  2,125
  2,369
  2,623
  2,889
  3,166
  3,454
  3,754
  4,066
  4,390
  4,727
  5,078
  5,443
  5,822
  6,217
  6,629
  7,057
  7,504
  7,970
  8,456
Net income, $m
  614
  909
  1,239
  1,606
  2,007
  2,443
  2,913
  3,416
  3,951
  4,518
  5,118
  5,746
  6,404
  7,093
  7,811
  8,559
  9,339
  10,149
  10,993
  11,870
  12,781
  13,729
  14,716
  15,742
  16,810
  17,922
  19,081
  20,289
  21,548
  22,863

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,148
  2,592
  3,086
  3,632
  4,229
  4,875
  5,569
  6,311
  7,099
  7,933
  8,811
  9,732
  10,697
  11,705
  12,756
  13,851
  14,990
  16,175
  17,406
  18,685
  20,015
  21,397
  22,833
  24,327
  25,881
  27,498
  29,182
  30,937
  32,765
  34,672
Adjusted assets (=assets-cash), $m
  2,148
  2,592
  3,086
  3,632
  4,229
  4,875
  5,569
  6,311
  7,099
  7,933
  8,811
  9,732
  10,697
  11,705
  12,756
  13,851
  14,990
  16,175
  17,406
  18,685
  20,015
  21,397
  22,833
  24,327
  25,881
  27,498
  29,182
  30,937
  32,765
  34,672
Revenue / Adjusted assets
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
Average production assets, $m
  1,201
  1,450
  1,726
  2,032
  2,365
  2,726
  3,115
  3,530
  3,971
  4,437
  4,928
  5,443
  5,983
  6,547
  7,135
  7,747
  8,384
  9,047
  9,735
  10,451
  11,195
  11,968
  12,771
  13,607
  14,476
  15,380
  16,322
  17,303
  18,326
  19,393
Working capital, $m
  27
  32
  38
  45
  53
  61
  69
  79
  88
  99
  110
  121
  133
  146
  159
  173
  187
  202
  217
  233
  249
  267
  285
  303
  323
  343
  364
  386
  408
  432
Total debt, $m
  535
  743
  974
  1,229
  1,507
  1,809
  2,133
  2,480
  2,848
  3,237
  3,647
  4,077
  4,528
  4,999
  5,490
  6,001
  6,533
  7,086
  7,661
  8,258
  8,879
  9,525
  10,195
  10,893
  11,619
  12,374
  13,160
  13,980
  14,834
  15,724
Total liabilities, $m
  1,003
  1,210
  1,441
  1,696
  1,975
  2,276
  2,601
  2,947
  3,315
  3,705
  4,115
  4,545
  4,996
  5,466
  5,957
  6,468
  7,000
  7,554
  8,129
  8,726
  9,347
  9,992
  10,663
  11,361
  12,086
  12,842
  13,628
  14,447
  15,301
  16,192
Total equity, $m
  1,145
  1,381
  1,645
  1,936
  2,254
  2,598
  2,968
  3,364
  3,784
  4,228
  4,696
  5,187
  5,702
  6,239
  6,799
  7,383
  7,990
  8,621
  9,277
  9,959
  10,668
  11,404
  12,170
  12,966
  13,794
  14,657
  15,554
  16,489
  17,464
  18,480
Total liabilities and equity, $m
  2,148
  2,591
  3,086
  3,632
  4,229
  4,874
  5,569
  6,311
  7,099
  7,933
  8,811
  9,732
  10,698
  11,705
  12,756
  13,851
  14,990
  16,175
  17,406
  18,685
  20,015
  21,396
  22,833
  24,327
  25,880
  27,499
  29,182
  30,936
  32,765
  34,672
Debt-to-equity ratio
  0.470
  0.540
  0.590
  0.630
  0.670
  0.700
  0.720
  0.740
  0.750
  0.770
  0.780
  0.790
  0.790
  0.800
  0.810
  0.810
  0.820
  0.820
  0.830
  0.830
  0.830
  0.840
  0.840
  0.840
  0.840
  0.840
  0.850
  0.850
  0.850
  0.850
Adjusted equity ratio
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  614
  909
  1,239
  1,606
  2,007
  2,443
  2,913
  3,416
  3,951
  4,518
  5,118
  5,746
  6,404
  7,093
  7,811
  8,559
  9,339
  10,149
  10,993
  11,870
  12,781
  13,729
  14,716
  15,742
  16,810
  17,922
  19,081
  20,289
  21,548
  22,863
Depreciation, amort., depletion, $m
  123
  148
  175
  206
  239
  275
  314
  356
  400
  446
  493
  544
  598
  655
  713
  775
  838
  905
  974
  1,045
  1,119
  1,197
  1,277
  1,361
  1,448
  1,538
  1,632
  1,730
  1,833
  1,939
Funds from operations, $m
  737
  1,056
  1,415
  1,811
  2,246
  2,718
  3,227
  3,772
  4,351
  4,965
  5,611
  6,291
  7,003
  7,747
  8,524
  9,334
  10,177
  11,054
  11,966
  12,915
  13,901
  14,926
  15,993
  17,102
  18,257
  19,460
  20,713
  22,019
  23,381
  24,802
Change in working capital, $m
  5
  6
  6
  7
  7
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  14
  15
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
Cash from operations, $m
  732
  1,051
  1,409
  1,805
  2,239
  2,710
  3,219
  3,763
  4,341
  4,954
  5,600
  6,279
  6,991
  7,735
  8,511
  9,320
  10,163
  11,039
  11,951
  12,899
  13,884
  14,909
  15,975
  17,084
  18,238
  19,440
  20,692
  21,997
  23,358
  24,778
Maintenance CAPEX, $m
  -98
  -120
  -145
  -173
  -203
  -237
  -273
  -311
  -353
  -397
  -444
  -493
  -544
  -598
  -655
  -713
  -775
  -838
  -905
  -974
  -1,045
  -1,119
  -1,197
  -1,277
  -1,361
  -1,448
  -1,538
  -1,632
  -1,730
  -1,833
New CAPEX, $m
  -220
  -248
  -277
  -305
  -334
  -361
  -388
  -415
  -441
  -466
  -491
  -515
  -540
  -564
  -588
  -612
  -637
  -663
  -689
  -716
  -744
  -773
  -803
  -835
  -869
  -905
  -942
  -981
  -1,023
  -1,067
Cash from investing activities, $m
  -318
  -368
  -422
  -478
  -537
  -598
  -661
  -726
  -794
  -863
  -935
  -1,008
  -1,084
  -1,162
  -1,243
  -1,325
  -1,412
  -1,501
  -1,594
  -1,690
  -1,789
  -1,892
  -2,000
  -2,112
  -2,230
  -2,353
  -2,480
  -2,613
  -2,753
  -2,900
Free cash flow, $m
  414
  683
  987
  1,327
  1,702
  2,113
  2,557
  3,036
  3,548
  4,091
  4,665
  5,271
  5,907
  6,573
  7,269
  7,995
  8,751
  9,538
  10,358
  11,210
  12,095
  13,017
  13,975
  14,971
  16,008
  17,088
  18,212
  19,384
  20,605
  21,879
Issuance/(repayment) of debt, $m
  185
  207
  231
  255
  278
  302
  324
  346
  368
  389
  410
  430
  451
  471
  491
  511
  532
  553
  575
  597
  621
  645
  671
  698
  726
  755
  786
  819
  854
  890
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  185
  207
  231
  255
  278
  302
  324
  346
  368
  389
  410
  430
  451
  471
  491
  511
  532
  553
  575
  597
  621
  645
  671
  698
  726
  755
  786
  819
  854
  890
Total cash flow (excl. dividends), $m
  599
  890
  1,218
  1,582
  1,981
  2,414
  2,882
  3,383
  3,916
  4,480
  5,075
  5,701
  6,357
  7,043
  7,759
  8,506
  9,283
  10,092
  10,933
  11,807
  12,716
  13,662
  14,645
  15,669
  16,734
  17,843
  18,998
  20,203
  21,459
  22,770
Retained Cash Flow (-), $m
  -208
  -237
  -264
  -291
  -318
  -344
  -370
  -395
  -420
  -444
  -468
  -491
  -514
  -537
  -560
  -584
  -607
  -631
  -656
  -682
  -709
  -736
  -766
  -796
  -828
  -862
  -898
  -935
  -975
  -1,016
Prev. year cash balance distribution, $m
  668
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  11
  13
  16
  19
  23
  26
  30
  35
  39
  44
  49
  55
  61
  67
  73
  79
  86
  93
  101
  108
  116
  125
  133
  142
  152
  161
  171
  182
  193
  204
Cash available for distribution, $m
  1,059
  653
  954
  1,291
  1,663
  2,070
  2,512
  2,987
  3,495
  4,036
  4,607
  5,210
  5,843
  6,506
  7,199
  7,922
  8,676
  9,460
  10,276
  11,125
  12,008
  12,925
  13,880
  14,872
  15,906
  16,981
  18,101
  19,268
  20,484
  21,753
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,015
  598
  830
  1,063
  1,289
  1,502
  1,697
  1,867
  2,008
  2,116
  2,188
  2,223
  2,222
  2,184
  2,114
  2,013
  1,888
  1,742
  1,582
  1,414
  1,242
  1,072
  910
  757
  619
  495
  388
  298
  224
  164
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Louisiana-Pacific Corporation is a manufacturer of building products. The Company's products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories, and CanExel siding and accessories and other related products. The Engineered Wood Products (EWP) segment manufactures and distributes laminated veneer lumber, I-Joists, laminated strand lumber and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its engineered I-joists are used in residential and commercial flooring, and roofing systems and other structural applications.

FINANCIAL RATIOS  of  Louisiana-Pacific (LPX)

Valuation Ratios
P/E Ratio 25.7
Price to Sales 1.7
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 11.3
Price to Free Cash Flow 17.8
Growth Rates
Sales Growth Rate 18%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 9.6%
Cap. Spend. - 3 Yr. Gr. Rate 10.5%
Financial Strength
Quick Ratio 220
Current Ratio 0
LT Debt to Equity 31.3%
Total Debt to Equity 31.5%
Interest Coverage 0
Management Effectiveness
Return On Assets 7.1%
Ret/ On Assets - 3 Yr. Avg. 0.1%
Return On Total Capital 9%
Ret/ On T. Cap. - 3 Yr. Avg. 0.1%
Return On Equity 13.6%
Return On Equity - 3 Yr. Avg. -0.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 22.8%
Gross Margin - 3 Yr. Avg. 14.3%
EBITDA Margin 12.4%
EBITDA Margin - 3 Yr. Avg. 4.2%
Operating Margin 8.3%
Oper. Margin - 3 Yr. Avg. 0.3%
Pre-Tax Margin 7.4%
Pre-Tax Margin - 3 Yr. Avg. -1%
Net Profit Margin 6.7%
Net Profit Margin - 3 Yr. Avg. -0.6%
Effective Tax Rate 12.1%
Eff/ Tax Rate - 3 Yr. Avg. 13.3%
Payout Ratio 0%

LPX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LPX stock intrinsic value calculation we used $2734 million for the last fiscal year's total revenue generated by Louisiana-Pacific. The default revenue input number comes from 2017 income statement of Louisiana-Pacific. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LPX stock valuation model: a) initial revenue growth rate of 22.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for LPX is calculated based on our internal credit rating of Louisiana-Pacific, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Louisiana-Pacific.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LPX stock the variable cost ratio is equal to 36.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1248 million in the base year in the intrinsic value calculation for LPX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Louisiana-Pacific.

Corporate tax rate of 27% is the nominal tax rate for Louisiana-Pacific. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LPX stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LPX are equal to 35.9%.

Life of production assets of 10 years is the average useful life of capital assets used in Louisiana-Pacific operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LPX is equal to 0.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1605 million for Louisiana-Pacific - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 144 million for Louisiana-Pacific is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Louisiana-Pacific at the current share price and the inputted number of shares is $3.8 billion.

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COMPANY NEWS

▶ The Boss: Any day outdoors is a good day for LP's Brad Southern   [Jun-06-18 11:22AM  American City Business Journals]
▶ LP Announces CFO Sallie Bailey to Retire   [Jun-01-18 06:55AM  Business Wire]
▶ 7 Valuable Low Price-to-Sales Stocks to Garner Good Profits   [May-25-18 01:20PM  InvestorPlace]
▶ 5 Ultra Cheap PEG Stocks Value Investors Will Love   [May-15-18 12:15PM  InvestorPlace]
▶ Louisiana-Pacific: 1Q Earnings Snapshot   [07:09AM  Associated Press]
▶ LP Reports First Quarter 2018 Results   [06:55AM  Business Wire]
▶ LP Announces Quarterly Dividend   [May-04-18 04:01PM  Business Wire]
▶ 5 Top Stocks to Buy Ahead of a Grueling May   [Apr-30-18 09:27AM  Zacks]
▶ LP Schedules Webcast to Discuss First Quarter 2018 Results   [Apr-16-18 06:55AM  Business Wire]
▶ Top Ranked Growth Stocks to Buy for March 28th   [Mar-28-18 07:00AM  Zacks]
▶ 6 Top-Performing Construction Stocks for Your Portfolio   [Feb-21-18 01:05PM  InvestorPlace]
▶ Louisiana-Pacific beats 4Q profit forecasts   [Feb-13-18 07:37AM  Associated Press]
▶ LP Reinstates Dividend   [06:55AM  Business Wire]
▶ Lumber Companies Are Standing Tall   [Jan-25-18 08:44AM  TheStreet.com]
▶ Who Really Owns Louisiana-Pacific Corporation (NYSE:LPX)?   [Jan-24-18 06:03PM  Simply Wall St.]
▶ 5 Construction Stocks Set to Carve a Beat in Q4 Earnings   [Jan-18-18 01:20PM  InvestorPlace]
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