The Structurlam assets include a state-of-the-art mass timber facility in Conway, AR which has an annual capacity of approximately 75,000 cubic meters. It can produce both glulam and cross-laminated timber (CLT). The deal also includes three facilities located in British Columbia, Canada with a combined annual capacity of approximately 40,000 cubic meters of...
$MERC - Basic Materials | Paper Products this have appeared in various scans on daily basis for over a month now trading at pivot to BO lvl of a C&H pattern to rising KMAs including 200MA (which is pretty rare at this period of the market) latest YoY ER +234% EPS, +42% sales
Mercer is showing two bullish reversal patterns, bouncing off the cloud as support and 3 X reversal triggered.
This company gets no love or MERCy … PE 5.4, growing revenue and earnings, 4.4% dividend, and it's oversold going into earnings 8/1. Worth a shot here on the reversal from an oversold condition. Only 1k shares though.
MERC: Mercer International Inc. 2019-05-02 16:35:00 Mercer International Inc. Announces 10% Dividend Increase and $50 Million Common Stock Repurchase Program - GlobeNewswire
It has just acquired another company for 400M and at the moment is 1B company. So the new optimistic price target is more than 20$ per share.
MERC looks strong here as this IHS appears to be breaking with volume . I have a first target just north of 11 and a second near 12.50.