Paper & Paper Products
(IP) International Paper Company – Bull of the Day
International Paper Co.’s (IP) third quarter EPS of $0.92 beat the Zacks Consensus Estimate. The company continues with its merger and acquisition strategy to strengthen its businesses. The merger with Temple-Inland will increase its share of the North American corrugated-packaging...
17Jan2012 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Selling Office Business
Avery Dennison Corporation (AVY) is divesting its underperforming Office and Consumer Products to its competitor 3M Co. (MMM), the maker of Post-it notes and Scotch Tape, for $550 million in cash. The Office and Consumer Products segment contributed approximately 13% to Avery’s...
9Jan2012 | vitalstocks | 0 comments | Continued(IP) Temple-Inland Shareholders Nod to International Paper Merger
The International Paper (IP) – Temple-Inland (TIN) merger has been approved by more than 98% of Temple’s shareholders. This clears a major hurdle in the creation of a company that would enjoy about 40% share of the North American corrugated packaging materials market....
9Dec2011 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Acquires Packaging Business
Sonoco Products Co. (SON) through its wholly owned subsidiary in the UK, recently concluded the acquisition of Robinson Paperboard Packaging Ltd., a division of Robinson PLC. The world’s largest producer of paperboard cans, Sonoco acquired customer contracts along with other...
5Jul2011 | vitalstocks | 0 comments | Continued(IP) Temple-Inland Responds to International Paper Bid
To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend distribution of preferred share purchase rights on each outstanding share...
15Jun2011 | vitalstocks | 0 comments | Continued(IP) Temple-Inland Responds to IP Bid
To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend distribution of preferred share purchase rights on each outstanding share...
12Jun2011 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Earnings Beat Consensus
Avery Dennison Corporation (AVY) reported adjusted earnings per share (EPS) of 51 cents in its first quarter 2011, beating the Zacks Consensus Estimate of 47 cents. EPS in the quarter however posted a decline of 16% from the adjusted EPS of 61 cents in the prior-year quarter. Both...
3May2011 | vitalstocks | 0 comments | Continued(MERC) ValuEngine Long Portfolio Doubles the SP500 since Re-Balance
Mercer International Inc (MERC). owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein...
7Apr2011 | valuengine | 0 comments | Continued(IP) International Paper Earnings Beat Forecast by a Cent
International Paper Co. (IP) reported first quarter earnings of 4 cents per share, a cent ahead of the Zacks Consensus Estimate. However, the results were down from 24 cents in the prior quarter and 8 cents in the year-ago quarter. Results reflected higher raw material costs. Including...
29Apr2010 | vitalstocks | 0 comments | Continued(NP) Neenah Paper – Business Is Improving
Neenah Paper (NP) crushed fourth-quarter EPS estimates by 15 cents, or 79%, and management was more optimistic about 2010. Company Description Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as Classic,...
19Apr2010 | vitalstocks | 0 comments | Continued(IP) Federal Reserve Board Meeting Minutes Excerpts
Below are some key sections of the minutes of the Federal Reserve Board’s March 16th meeting. I have interspersed my commentary and interpretation where needed. “The information reviewed at the March 16 meeting suggested that economic activity expanded at a moderate pace...
6Apr2010 | vitalstocks | 0 comments | Continued(CVO) Cenveo Incorporated – Beats Expectations By Over 50%
Cenveo, Inc (CVO) recently beat Wall Street’s expectations, sending shares to a new 52-week high. Thanks to upward estimate revisions, shares are still a good value. Company Description Cenveo, Inc. manages and distributes print and other products for its customers. The...
27Mar2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company – Earnings Surprised by 13.7% in the Fourth Quarter
Sonoco Products Company (SON) saw improvement in the fourth quarter over the year ago period and recently raised 2010 guidance. It has surprised on earnings by an average of 8.3% over the last 4 quarters. Company Description Sonoco manufactures industrial and consumer packaging...
9Mar2010 | vitalstocks | 0 comments | Continued(NP) Neenah Paper – Analysts Increase Earnings Estimates
Neenah Paper’s (NP) recent results have been better than expected, and analysts have been raising their earnings estimates. Company Description Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as Classic,...
3Mar2010 | vitalstocks | 0 comments | Continued(IP) International Paper’s Earnings Beat by 1 Cent
International Paper Co. (IP) reported fourth-quarter EPS of 24 cents, slightly above the Zacks Consensus Estimate of 23 cents and up 14% from EPS of 21 cents reported in the prior-year quarter. Earnings growth in the quarter was primarily a result of the company’s overhead...
4Feb2010 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Corporation Reports Below Expectations
Avery Dennison Corp. (AVY) posted fourth-quarter earnings of 44 cents per share, below the Zacks Consensus Estimate of 67 cents and down 32.3% from last year’s earnings of 65 cents. The lower than expected earnings in the quarter was primarily a result of increased investment...
1Feb2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Increasing Paperboard Prices
Sonoco Products Company (SON) announced that it will increase prices for all uncoated recycled paperboard grades and paperboard industrial converted products in the United States and Canada, effective February 1, 2010. The company announced a price hike of $50 per ton for all...
12Jan2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Invests in Growth
Sonoco Products Company (SON) completed the acquisition of injection molded plastics spools and reels assets of EconoReel Corporation. The company did not disclose the terms of the deal. Through this transaction, Sonoco acquired a molded plastics spools and reels manufacturing...
3Dec2009 | vitalstocks | 0 comments | Continued(IP) International Paper Tops Expectations
International Paper Co. (IP) reported third-quarter EPS of 37 cents, above the Zacks Consensus Estimate of 23 cents. The better-than-expected quarterly results were driven by the company’s overhead cost reduction efforts as well as integration synergies in its industrial packing...
1Nov2009 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Corporation Gains from Restructuring
Avery Dennison Corp. (AVY) posted third quarter earnings of 82 cents per share, well-above the Zacks Consensus Estimate of 57 cents and slightly higher than last year’s earnings of 81 cents. Lower sales were offset by productivity improvements and gains from the restructuring...
27Oct2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Outperforms – Raises Guidance
Sonoco Products Company (SON) reported third quarter earnings of 50 cents per share, beating its own guidance of 43-47 cents and the Zacks Consensus Estimate of 46 cents. However, third quarter EPS was down 17% compared to 60 cents reported last year, primarily due to lower volumes...
27Oct2009 | vitalstocks | 0 comments | Continued(IP) International Paper Shreds Jobs
International Paper Co. (IP) plans to close three of its mills, which will reduce its work force by 1,600 employees. The company plans to close its paper mill and associated operations in Franklin, Virginia, besides its containerboard mills in Pineville, Louisiana and Albany,...
27Oct2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Closes Another Plant
Sonoco Products Company (SON) plans to close its rigid paper packaging plant in Orrville, Ohio by March 2010. The plant, which was acquired in 2007, manufactures fiber cartridges for adhesives and sealants, and currently employs 84 employees. The first phase of the plant’s...
11Sep2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Forms Strategic Alliance With Albemarle
Yesterday, MeadWestvaco Corp. (MWV) executed a Memorandum of Understanding (MOU) to form a strategic alliance with Albemarle Corporation (ALB) to supply activated carbon products in the U.S. This alliance will serve the emerging mercury removal market for the coal-fired power...
9Sep2009 | vitalstocks | 0 comments | Continued(UFS) We Energies Plans Biomass Plant
We Energies plans to build a 50 megawatts biomass-fueled power plant at Rothschild, Wisconsin paper mill site of Domtar Corp. (UFS). Early next year, the utility will apply to the Public Service Commission of Wisconsin for necessary permits. The project will cost around $250...
2Sep2009 | vitalstocks | 0 comments | Continued(IP) Purchasing Managers Index Shows Expansion
The Institute of Supply Management’s (ISM) Purchasing Managers Index, a closely watched gauge of manufacturing activity, rose to 52.9 in August from 48.9 in June. It was also well above the 50.5 consensus expectations. With this index, 50 is the magic number that separates...
1Sep2009 | vitalstocks | 0 comments | Continued(SPP) Sappi Limited Adjusts Production
Sappi Limited (SPP) announced that it will permanently cease operations at its coated fine paper mill in Muskegon, Michigan. The company had suspended the operations at the mill in March 2009. The mill had an annual production capacity of 170,000 metric tons. Permanent Closure...
27Aug2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Raises $250 million
Yesterday, MeadWestvaco Corp. (MWV) commenced a public offering of $250 million aggregate principal amount of 7.375% Notes due 2019. This is expected to close on Aug. 24, subject to customary closing conditions. Net proceeds from the offering will be used for payment of the purchase...
19Aug2009 | vitalstocks | 0 comments | Continued(SWM) Schweitzer-Maudit International Inc. – estimates spike – very nice growth projection
Schweitzer-Maudit International Inc. (SWM) recently posted solid second-quarter results that beat estimates on higher prices and lower costs. Estimates and the company’s share price both spiked in reaction to the news. Company Description Schweitzer-Maudit International...
13Aug2009 | vitalstocks | 0 comments | Continued(IP) The recession in historical context
How does the current economic and financial downturn match up to past contractions? In an attempt to present matters in historical context, Paul Swartz of the Council on Foreign Relations recently published a chart book showing that the current economic environment has been more...
18Jun2009 | prieur | 0 comments | Continued