Stella Jones

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I see Stella Jones has taken quite a hit due to it’s latest earnings. From an earlier question you felt it was overvalued at it’s peak of $80.00. It is know approaching a level of support of around $70.00. It has bounced from this support since 2023 Do you feel it’s a value play, or still too frothy.

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Asked on November 6, 2024 11:49 am
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Keep in mind this was a result of its earnings plus the Republicans winning the election. Donald Trump has been quoted saying tariff was his favorite word in the dictionary, so it does worry me to an extent here because tariffs on lumber are a pretty easy one for him to deploy.

We did remove it from the Bull List based on the fact we thought it was fully valued in the high $60's. However, I would definitely look to an entry point if it continued to slide. The only thing I'd need is some commentary from the US in regards to the tariffs. That will likely take some time to come to fruition.

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Posted by Dan Kent
Answered on November 7, 2024 8:56 pm
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Good point Dan, yes lumber and tariffs go hand in hand with Trump. I note from the technical side of things it also has support at around $68 and $62 dollars as well on a weekly chart, may watch it in the next little while and see if it breaks down from the strong $72.00 support level
(bpl521@outlook.com at November 8, 2024 2:14 pm)
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