Elwood Capital Partners in New York City added 40,000 shares of Louisiana-Pacific Corporation (LPX) in the third quarter, marking a $3.55 million net position change. This new stake, revealed in an SEC filing dated November 13, was previously non-existent in the fund’s portfolio. LPX shares were priced at $82.55 as of Wednesday, showing a 21% decrease over the past year. The company manufactures wood-based building products and serves various markets worldwide. While LPX’s earnings have been impacted by oriented strand board pricing, its siding business continues to grow steadily, positioning it as a potential selective cyclical investment.

Source: https://www.fool.com/mms/mark/e-sa-nonbbn-kp?aid=10969&source=isaedikp0000070&ftm_cam=sa-bbn-evergreen&ftm_veh=keypoints_pitch_feed_partner&ftm_pit=17996

Read more at Nasdaq: Why a $3.6 Million Bet on Louisiana-Pacific Looks Timed for a Housing Reset