Boise Cascade (NYSE:BCC), a manufacturer of engineered wood products, plywood, lumber and other wood- based building materials, made its debut on the New York Stock Exchange at the start of the current calendar year. The recovering US housing sector and better than expected results had pushed the stock higher peaking at close to $33.This price was higher than the IPO price of $26. However, after the recent statement by the Fed chief, the expectation of a cut in quantitative easing spurred a fall in the stock price as all industries and companies closely linked to the housing sector started to decline. From mid-April to mid-September the stock price continuously fell eventually bottoming at $22.8. After the fears of...
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