Ask any homebuilder developer what they think are the 2 biggest risk factors affecting future housing projects and many will include a shortage of land and lumber. Wait, lumber (like, wood)?!? Yes, lumber. Current prices are more than 4 TIMES what they were a year ago at about $1,500 per 1000 feet versus $330 last May. Take a look at live futures prices HERE.
Read MoreBack in May, Twitter's CEO Jack Dorsey surprised many when he sent a company-wide e-mailing stating that employees could work from home "forever." Dorsey cited Twitter's focus on decentralization and its need to support a workforce capable of working from anywhere given the circumstances brought forth by COVID-19.
Read MoreThe opinions expressed within the contents of this website are those of its authors and Steel City Management LLC (“SCM”). Steel City Management is not a registered broker, dealer, or registered investment advisor. The investment offerings on this site are available only to “Accredited Investors” as defined by the IRS. These opinions should not be interpreted as a recommendation or statement of fact. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis. The information on the website should not be interpreted as financial advice. Past performance is not a guarantee of future results. All investments offered by SCM involve risk and may result in loss. Investors are advised to consult with their tax, legal and financial advisors before making any investment decisions. SCM does not give investment advice nor recommendations regarding any investment decisions.
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