After 9 years as a privately-held enterprise, Boise Cascade Company (BCC) re-emerged as a public building materials company prospering off of a recovering U.S. housing market. Boise Cascade quickly soared 62% in the weeks following its IPO. Yet in the months following this rise, the company struggled to support its gains. This negative sentiment was only compounded by a hefty sale from the company's largest shareholder. Despite concerns of overvaluation, a look at the company will show that it continues to be fairly priced in the present.
BCC data by YCharts
Boise Cascade manufactures engineered wood products, plywood, lumber and particleboard. The company primarily operates out of its two business divisions of Wood Products and Building Materials...