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The Paper Industry: Wood You Invest?

Thu, 06 Nov 2008 13:51:00 GMT

Many manufacturers of various paper and packaging products are trading at massive discounts to their 52-week highs. Companies such as International Paper (which we discussed here), Catalyst Paper (CTL), Domtar (UFS), MeadWestvaco (MWV) and Sappi Ltd (SPP) are all trading below even their book values. As such, many investors wonder if there is value to be found among this bunch. Unfortunately, there are a few reasons that make this a tough industry in which to invest. First of all, this is a capital intensive industry, meaning a large component[More...]

Taking Stock in IGM, Part IV

Mon, 25 Aug 2008 14:22:00 GMT

Determining Valuation – Comparing, Analyzing & the Dividend Discount ModelDownload PDFDownload Excel PDFNow that we’ve gone through the first three steps of my stock analysis process our next job is to put the numbers together, compare & analyze the data and then determine a valuation that represents a fair value (per share) that as a shareholder we would be willing to[More...]

Analyst Comments: Juniper, Grey Wolf, Investors Real Estate, Lear Corp, Sappi Limited, Sonic Innovations, Procter & Gamble, Wyeth, Commerce Bancshares

Fri, 20 Jun 2008 17:42:42 GMT

Juniper Networks, Inc. (JNPR) is enjoying robust growth in its infrastructure business as service providers spend on next generation networks. The company is well-positioned in the router business. Although its SLT business has been disappointing as it has yet to gain...[More...]

It's All According to Plan

Fri, 25 Apr 2008 20:30:52 GMT

"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey The stock market closed higher yesterday after Merrill Lynch announced it has enough capital to maintain its dividend, and Credit Suisse said that its capi[More...]

77 Stocks Returning 12%+ this Week

Mon, 07 Apr 2008 02:11:01 GMT

A very generous week in the market with a lot of gains; it was a very "sunny" week to be a financial; and a lot of former fund holdings had a stellar week; I count 11 names in the list below...The list below contains stocksStock price: $10+Market capitalization: $2 billionAverage trading volume: 100K+ Stock price return: 12%+Green we own; blue we've owned in the past or have discussed[More...]

Why Warren Buffett is buying Burlington Northern (BNI)

Thu, 13 Sep 2007 17:33:46 GMT

Let us examine a few reasons why the world's greatest investor is buying Burlington Northern (BNI). Does Mr. Buffett know something we don't? You can bet he does! Since Burlington Northern doesn't qualify under the normal investment parameters that Mr. Buffet uses, why is he so interested in accumulating 25% the stock? Here are some of Buffett's parameters before buying a company; 1) Buffett identified the average rate of return on equity of American companies at 11%, and basically said he would not consider buying a company with an ROE of under 14%. Burlington Northern ROE 2010-...[More...]

Trade commission targets foreign paper

Sat, 07 Nov 2009 20:46:00 GMT

Nov. 7--CUMBERLAND -- Following the filing of unfair trade complaints by NewPage Corp. and others in September, the U.S. International Trade Commission voted unanimously Friday to investigate the importation of coated paper from China and Indonesia.
The complainants allege that coated paper from China and Indonesia had been dumped and subsidized, resulting in harm to the domestic industries and their employees.
"Today's vote is an important step in our quest to restore a level playing field," said Mark Gardner, resident of Sappi Fine Paper North America.

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Solar Panels OK'D for County Buildings

Wed, 15 Jul 2009 11:48:00 GMT

Jul. 15--Three buildings operated by Ventura County government will be modified with solar panels to generate energy, under a plan approved Tuesday by the Board of Supervisors.
The conversion is expected to boost energy independence and reduce greenhouse gas emissions, officials said.
Steve Morgan, chief deputy director of the General Services Agency, said the conversion will protect county taxpayers against spikes in energy costs.

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Seuss Authorized to Make 'Call on the River'

Thu, 21 May 2009 18:48:00 GMT

Suess recommended the directors approve a letter being sent to the DNR
Suess said the need for an annual "call on the river" was discussed a year ago and gave a brief history of the issue.
He said that upstream irrigators with newer water rights than the district must have a subordination agreement with the Loup Power in order to be able to continue using water from the river and pay the district when a call on the river by the power district is in effect.

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Tax Credits for 'Black Liquor' Might Help Northland Papermakers Stay Out of the Red

Mon, 11 May 2009 09:51:00 GMT

May 11--Amid a faltering market, two Northland papermakers have discovered a way to bolster their bottom line.
Federal energy tax credits could help keep the Sappi Fine Paper mill in Cloquet and the Boise Inc. mill in International Falls solvent by injecting millions of dollars into their operations.
Boise's International Falls mill is about 65 percent energy self-sufficient as a result of its use of black liquor, said Virginia Aulin, vice president of corporate affairs.

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Slowing Demand Means Savings for Egat

Thu, 12 Feb 2009 16:47:00 GMT

Feb. 12--The slowing economy means that the Electricity Generating Authority of Thailand (Egat) could save anywhere between 460 billion and 1.65 trillion baht on investments over the next 15 years, in line with lower power demand.
The estimates are based on the revised national power development plan (PDP) for the period from 2009 to 2024 to reflect the impact of the global economic downturn, said Pornchai Rujiprapha, permanent secretary of the Energy Ministry.
However, the state utility may put the Laos plants back into its investment plan if plans for coal-fired and nuclear power plants fail to materialise, Mr Pornchai said at a public hearing on the PDP yesterday.

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Private Power Plan Pushed Forward: Bids for 2,000 MW Due Later This Year

Wed, 21 Jan 2009 16:55:00 GMT

Jan. 21--In an attempt to increase private investment, invitations for bids by small power producers (SPPs) of 2,000 megawatts will be made later this year, which is earlier than scheduled, according to the Office of the Energy Regulatory Commission.
The required output is 1,985.5 MW.
The energy policymaker previously planned to see SPPs start construction in 2010 and complete their plants by 2016.

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Sappi Announces Completion of Refinancing Transactions

Fri, 28 Aug 2009 13:49:00 GMT

JOHANNESBURG, Aug. 28 /PRNewswire-FirstCall/ -- Sappi Limited today announced the completion of a series of refinancing transactions that Sappi undertook in order to improve its debt maturity profile and strengthen its balance sheet.
In addition, the proceeds of euro 350 million and US$300 million senior secured notes (the "notes"), which were issued on 29 July 2009 by a special purpose vehicle in an offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended, were released and made available to the Sappi group.
Certain statements in this release that are neither reported financial results nor other historical information, are forward-looking statements, including but not limited to statements that are predictions of or indicate future earnings, savings, synergies, events, trends, plans or objectives.

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Sappi Fine Paper North America to Permanently Close Muskegon Mill

Wed, 26 Aug 2009 14:56:00 GMT

Sappi Fine Paper North America today announced that it will permanently cease operations at its coated fine paper mill in Muskegon, Michigan. The closing will affect approximately 190 salaried and hourly Muskegon employees, who have been on furlough since the suspension of operations at the mill, which was announced in March 2009. Prior to that suspension, Sappi Fine Paper North America operated a single paper machine at the site with an annual production capacity of 170,000 metric tons.[More...]

Sappi Fine Paper North America Launches New Web Site

Tue, 04 Aug 2009 12:25:00 GMT

BOSTON, MA -- -- 08/04/09 -- As part of Sappi Fine Paper North America's commitment to innovation, today the Company announced the launch of its new Web site: www.sappi.com/na. The user-friendly site provides in-depth information about Sappi's products, world-class service and support, and commitment to corporate and environmental responsibility.[More...]

Sappi Results for the Third Quarter Ended June 2009

Thu, 30 Jul 2009 07:51:00 GMT

JOHANNESBURG, July 30 /PRNewswire-FirstCall/ --
"Strong cash generation of US$106 million was a feature of our results for the quarter and benefited from management's actions to reduce working capital and limit capital expenditure to essential items.
Globally our sales increased marginally on the prior quarter but were 3% down on the equivalent quarter last year, despite the additional capacity from our European acquisition earlier in the year.

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Sappi Trading Update in Respect of Debt Refinancing and Bond Issue

Mon, 20 Jul 2009 16:52:00 GMT

JOHANNESBURG, July 20 /PRNewswire-FirstCall/ -- Sappi is issuing this trading update in connection with the capital markets transaction that it announced today and the ongoing syndication of a new secured revolving credit facility and a new secured OeKB term loan facility.
For the quarter ended June 2009 we expect to report improved operating results, excluding special items, compared to the quarter ended March 2009 for our European business, which we expect to return to profitability and for our North American business, as a result of synergy achievements in Europe, and cost and input price reductions.
For the group, operating loss excluding special items for the quarter is expected to be largely in line with the quarter ended March 2009.

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Sappi Fine Paper North America Continues Its Commitment to the Environment and to a Lower Carbon Footprint ; Now Certified With SmartWay(SM) Transport and Renewed Green-E(R) Certification of the Cloquet Mill

Mon, 20 Jul 2009 13:46:00 GMT

BOSTON, July 20 /PRNewswire/ -- As part of its commitment to operating sustainably, today Sappi Fine Paper North America announced that it has joined the U.S. Environmental Protection Agency's (EPA) SmartWay(SM) Transport Partnership and re-qualified its Cloquet Mill with the Center for Resource Solutions as a certified Green-e(R) Energy organization for 2009-2010.
These best practices are just some of the many initiatives that Sappi Fine Paper North America has adopted as part of its commitment to sustainability and to reducing its impact on the environment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090720/NE48337LOGO- a )

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Sappi Fine Paper North America Announces Judges for 2009 Ideas that Matter Design Grant Program

Wed, 24 Jun 2009 12:27:00 GMT

Sappi Fine Paper North America today announced the lineup of 2009 judges for Ideas that Matter— an annual, innovative grant program that supports and transforms the creative ideas of designers into a powerful force for social good.[More...]

Sappi Voting Rights and Capital

Mon, 01 Jun 2009 14:44:00 GMT

In accordance with the United Kingdom's Financial Services Authority's Disclosure and Transparency Rules, Sappi advises that its issued share capital comprises 537,117,864 ordinary shares of R1.00 each. Of that number, the Company holds 21,329,759 shares in Treasury through a subsidiary company and a trust leaving 515,788,105 shares with voting rights, all of which rights are identical with each share carrying the right to one vote.[More...]

Sappi Limited Announces Results for the Second Quarter Ended March 2009

Tue, 05 May 2009 15:56:00 GMT

JOHANNESBURG, May 5 /PRNewswire-FirstCall/ -- Today Sappi Limited Announced Second Quarter Results.
Refer to the published results for details on special items, the definition of the terms, the reconciliation of profit / loss for the period to EBITDA excluding special items and the revision of comparative figures in accordance with IAS33 to reflect the impact of the rights offer.
The quarter under review Commenting on the results, Sappi chief executive Ralph Boettger said:

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Sappi Fine Paper North America Renews its Support for Living Lands and Waters and Reaffirms its Sustainability Commitment

Tue, 21 Apr 2009 12:27:00 GMT

With the celebration of Earth Day tomorrow, Sappi Fine Paper North America today announced that it will continue supporting Living Lands & Waters in 2009 and reaffirmed its commitment to operating sustainably.[More...]