Intrinsic value of Louisiana-Pacific - LPX

Previous Close

$30.04

  Intrinsic Value

$185.01

stock screener

  Rating & Target

str. buy

+516%

Previous close

$30.04

 
Intrinsic value

$185.01

 
Up/down potential

+516%

 
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 0001), $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 4.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  16.80
  15.62
  14.56
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
Revenue, $m
  3,193
  3,692
  4,229
  4,805
  5,417
  6,065
  6,749
  7,467
  8,220
  9,007
  9,828
  10,683
  11,573
  12,499
  13,461
  14,461
  15,500
  16,581
  17,703
  18,871
  20,085
  21,348
  22,664
  24,034
  25,462
  26,951
  28,504
  30,125
  31,817
  33,585
Variable operating expenses, $m
  1,155
  1,336
  1,530
  1,737
  1,958
  2,192
  2,439
  2,699
  2,970
  3,254
  3,548
  3,857
  4,178
  4,512
  4,860
  5,221
  5,596
  5,986
  6,391
  6,813
  7,251
  7,707
  8,182
  8,677
  9,192
  9,730
  10,291
  10,876
  11,487
  12,125
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
  2,430
  2,640
  2,862
  3,099
  3,349
  3,614
  3,892
  4,184
  4,488
  4,805
  5,134
  5,477
  5,834
  6,204
  6,590
  6,989
  7,403
  7,832
  8,278
  8,742
  9,222
  9,721
  10,241
  10,781
  11,342
  11,928
  12,537
  13,171
  13,833
  14,522
Operating income, $m
  762
  1,053
  1,368
  1,706
  2,067
  2,451
  2,856
  3,283
  3,732
  4,201
  4,694
  5,206
  5,739
  6,294
  6,872
  7,473
  8,098
  8,748
  9,425
  10,129
  10,863
  11,627
  12,423
  13,253
  14,119
  15,023
  15,967
  16,954
  17,984
  19,062
EBITDA, $m
  907
  1,220
  1,559
  1,922
  2,311
  2,723
  3,159
  3,618
  4,100
  4,604
  5,131
  5,681
  6,254
  6,850
  7,471
  8,116
  8,788
  9,486
  10,213
  10,969
  11,757
  12,577
  13,432
  14,323
  15,252
  16,223
  17,236
  18,294
  19,400
  20,557
Interest expense (income), $m
  0
  20
  28
  36
  44
  54
  64
  74
  85
  97
  109
  122
  135
  149
  163
  178
  194
  210
  227
  244
  262
  281
  301
  321
  342
  365
  388
  412
  437
  463
  490
Earnings before tax, $m
  742
  1,025
  1,332
  1,661
  2,013
  2,387
  2,782
  3,198
  3,635
  4,092
  4,572
  5,071
  5,590
  6,131
  6,693
  7,279
  7,888
  8,521
  9,181
  9,867
  10,582
  11,326
  12,102
  12,911
  13,755
  14,636
  15,556
  16,517
  17,521
  18,572
Tax expense, $m
  200
  277
  360
  449
  544
  645
  751
  864
  981
  1,105
  1,235
  1,369
  1,509
  1,655
  1,807
  1,965
  2,130
  2,301
  2,479
  2,664
  2,857
  3,058
  3,267
  3,486
  3,714
  3,952
  4,200
  4,460
  4,731
  5,014
Net income, $m
  542
  748
  972
  1,213
  1,470
  1,743
  2,031
  2,335
  2,653
  2,987
  3,338
  3,702
  4,081
  4,475
  4,886
  5,314
  5,758
  6,221
  6,702
  7,203
  7,725
  8,268
  8,834
  9,425
  10,041
  10,684
  11,356
  12,057
  12,791
  13,557

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
  2,021
  2,337
  2,677
  3,041
  3,428
  3,839
  4,271
  4,726
  5,202
  5,700
  6,220
  6,761
  7,325
  7,911
  8,520
  9,153
  9,810
  10,494
  11,205
  11,943
  12,712
  13,512
  14,344
  15,211
  16,115
  17,057
  18,040
  19,066
  20,137
  21,256
Adjusted assets (=assets-cash), $m
  2,021
  2,337
  2,677
  3,041
  3,428
  3,839
  4,271
  4,726
  5,202
  5,700
  6,220
  6,761
  7,325
  7,911
  8,520
  9,153
  9,810
  10,494
  11,205
  11,943
  12,712
  13,512
  14,344
  15,211
  16,115
  17,057
  18,040
  19,066
  20,137
  21,256
Revenue / Adjusted assets
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
  1.580
Average production assets, $m
  1,137
  1,314
  1,506
  1,710
  1,928
  2,159
  2,403
  2,658
  2,926
  3,206
  3,499
  3,803
  4,120
  4,450
  4,792
  5,148
  5,518
  5,903
  6,302
  6,718
  7,150
  7,600
  8,068
  8,556
  9,064
  9,594
  10,147
  10,724
  11,327
  11,956
Working capital, $m
  176
  203
  233
  264
  298
  334
  371
  411
  452
  495
  541
  588
  637
  687
  740
  795
  853
  912
  974
  1,038
  1,105
  1,174
  1,247
  1,322
  1,400
  1,482
  1,568
  1,657
  1,750
  1,847
Total debt, $m
  513
  662
  823
  995
  1,179
  1,373
  1,577
  1,792
  2,018
  2,253
  2,499
  2,755
  3,022
  3,299
  3,587
  3,886
  4,197
  4,521
  4,857
  5,206
  5,570
  5,948
  6,342
  6,752
  7,179
  7,625
  8,090
  8,575
  9,082
  9,611
Total liabilities, $m
  956
  1,105
  1,266
  1,438
  1,622
  1,816
  2,020
  2,235
  2,461
  2,696
  2,942
  3,198
  3,465
  3,742
  4,030
  4,329
  4,640
  4,964
  5,300
  5,649
  6,013
  6,391
  6,785
  7,195
  7,622
  8,068
  8,533
  9,018
  9,525
  10,054
Total equity, $m
  1,065
  1,231
  1,411
  1,603
  1,807
  2,023
  2,251
  2,491
  2,742
  3,004
  3,278
  3,563
  3,860
  4,169
  4,490
  4,823
  5,170
  5,530
  5,905
  6,294
  6,699
  7,121
  7,559
  8,016
  8,493
  8,989
  9,507
  10,048
  10,612
  11,202
Total liabilities and equity, $m
  2,021
  2,336
  2,677
  3,041
  3,429
  3,839
  4,271
  4,726
  5,203
  5,700
  6,220
  6,761
  7,325
  7,911
  8,520
  9,152
  9,810
  10,494
  11,205
  11,943
  12,712
  13,512
  14,344
  15,211
  16,115
  17,057
  18,040
  19,066
  20,137
  21,256
Debt-to-equity ratio
  0.480
  0.540
  0.580
  0.620
  0.650
  0.680
  0.700
  0.720
  0.740
  0.750
  0.760
  0.770
  0.780
  0.790
  0.800
  0.810
  0.810
  0.820
  0.820
  0.830
  0.830
  0.840
  0.840
  0.840
  0.850
  0.850
  0.850
  0.850
  0.860
  0.860
Adjusted equity ratio
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  542
  748
  972
  1,213
  1,470
  1,743
  2,031
  2,335
  2,653
  2,987
  3,338
  3,702
  4,081
  4,475
  4,886
  5,314
  5,758
  6,221
  6,702
  7,203
  7,725
  8,268
  8,834
  9,425
  10,041
  10,684
  11,356
  12,057
  12,791
  13,557
Depreciation, amort., depletion, $m
  145
  167
  191
  216
  244
  273
  303
  335
  368
  403
  437
  475
  515
  556
  599
  644
  690
  738
  788
  840
  894
  950
  1,009
  1,070
  1,133
  1,199
  1,268
  1,341
  1,416
  1,495
Funds from operations, $m
  686
  915
  1,163
  1,429
  1,714
  2,015
  2,334
  2,670
  3,022
  3,391
  3,775
  4,177
  4,596
  5,032
  5,485
  5,957
  6,448
  6,959
  7,490
  8,043
  8,618
  9,218
  9,843
  10,494
  11,174
  11,883
  12,624
  13,398
  14,206
  15,052
Change in working capital, $m
  25
  27
  30
  32
  34
  36
  38
  40
  41
  43
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  69
  72
  75
  79
  82
  85
  89
  93
  97
Cash from operations, $m
  661
  888
  1,134
  1,398
  1,680
  1,980
  2,296
  2,630
  2,980
  3,347
  3,730
  4,130
  4,547
  4,981
  5,432
  5,902
  6,391
  6,899
  7,428
  7,978
  8,552
  9,148
  9,771
  10,419
  11,096
  11,801
  12,539
  13,309
  14,113
  14,955
Maintenance CAPEX, $m
  -122
  -142
  -164
  -188
  -214
  -241
  -270
  -300
  -332
  -366
  -401
  -437
  -475
  -515
  -556
  -599
  -644
  -690
  -738
  -788
  -840
  -894
  -950
  -1,009
  -1,070
  -1,133
  -1,199
  -1,268
  -1,341
  -1,416
New CAPEX, $m
  -164
  -178
  -191
  -205
  -218
  -231
  -243
  -256
  -268
  -280
  -292
  -304
  -317
  -330
  -343
  -356
  -370
  -385
  -400
  -416
  -432
  -450
  -468
  -488
  -508
  -530
  -553
  -577
  -602
  -629
Cash from investing activities, $m
  -286
  -320
  -355
  -393
  -432
  -472
  -513
  -556
  -600
  -646
  -693
  -741
  -792
  -845
  -899
  -955
  -1,014
  -1,075
  -1,138
  -1,204
  -1,272
  -1,344
  -1,418
  -1,497
  -1,578
  -1,663
  -1,752
  -1,845
  -1,943
  -2,045
Free cash flow, $m
  375
  568
  778
  1,005
  1,248
  1,508
  1,783
  2,074
  2,380
  2,701
  3,037
  3,388
  3,754
  4,136
  4,534
  4,947
  5,377
  5,825
  6,291
  6,775
  7,280
  7,805
  8,352
  8,923
  9,518
  10,138
  10,786
  11,463
  12,170
  12,910
Issuance/(repayment) of debt, $m
  137
  149
  161
  172
  183
  194
  205
  215
  225
  236
  246
  256
  266
  277
  288
  299
  311
  323
  336
  349
  364
  378
  394
  410
  427
  446
  465
  485
  507
  529
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  
  137
  149
  161
  172
  183
  194
  205
  215
  225
  236
  246
  256
  266
  277
  288
  299
  311
  323
  336
  349
  364
  378
  394
  410
  427
  446
  465
  485
  507
  529
Total cash flow (excl. dividends), $m
  513
  718
  939
  1,177
  1,431
  1,702
  1,988
  2,289
  2,606
  2,937
  3,283
  3,644
  4,021
  4,413
  4,822
  5,246
  5,688
  6,148
  6,627
  7,125
  7,643
  8,183
  8,746
  9,333
  9,945
  10,584
  11,251
  11,948
  12,677
  13,439
Retained Cash Flow (-), $m
  -154
  -166
  -179
  -192
  -204
  -216
  -228
  -240
  -251
  -262
  -274
  -285
  -297
  -309
  -321
  -334
  -347
  -360
  -374
  -389
  -405
  -421
  -439
  -457
  -476
  -497
  -518
  -541
  -564
  -590
Prev. year cash balance distribution, $m
  693
  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
  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 available for distribution, $m
  1,052
  551
  760
  985
  1,227
  1,486
  1,760
  2,050
  2,355
  2,675
  3,009
  3,359
  3,724
  4,105
  4,501
  4,913
  5,342
  5,788
  6,252
  6,735
  7,238
  7,762
  8,307
  8,876
  9,469
  10,088
  10,733
  11,408
  12,113
  12,849
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
  1,008
  505
  661
  811
  951
  1,078
  1,189
  1,281
  1,353
  1,402
  1,429
  1,433
  1,416
  1,378
  1,321
  1,248
  1,162
  1,066
  963
  856
  749
  644
  544
  452
  368
  294
  230
  176
  132
  97
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 28.9
Price to Sales 1.9
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 12.7
Price to Free Cash Flow 20
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 $2733.9 million for the last fiscal year's total revenue generated by Louisiana-Pacific. The default revenue input number comes from 0001 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 16.8% 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%.

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 35.6%.

Life of production assets of 8 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 5.5%. 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 - $1604.5 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 142.717 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 $4.3 billion.

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COMPANY NEWS

▶ Louisiana-Pacific: 2Q Earnings Snapshot   [07:42AM  Associated Press]
▶ LP Reports Second Quarter 2018 Results   [06:55AM  Business Wire]
▶ LP Announces Quarterly Dividend   [Aug-03-18 04:01PM  Business Wire]
▶ Swiss investor seeks to sell downtown tower, with huge new tenant   [Aug-01-18 01:25PM  American City Business Journals]
▶ Bet on These 5 Low Leverage Stocks for Safe Returns   [Jul-23-18 12:26PM  InvestorPlace]
▶ 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]

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