Plantinseeds

International Paper Beaten to a Pulp: Time to Buy?

IP was once a good company but its time has come and gone IMO.

At the end of 07 IP did not own 300k acres in the US. IP sold almost half of that from 05 - 07. IP is still looking at either closing or selling more plants in the US. One of its largest investments in paper mills over the last 3 years has been its bleach board plant in Florida. Now how does that make sense? Bleach board is used mainly in orang juice cartons. Tropicana is their largest customer in the US for that product. Tropicanan is moving more and more to plastic. The largest customer base for bleach board is in Asia.
Even with the drop of the dollar IP cannot compete with the paper mills that are coming online throughout SE Asia.

Bleach Board is IP's largest profit product.
Coated Pub is what it has the largest market share in but it is its least profitable product. You guys keep on shortin that stock, and you will own more than you want and own it at more than it will be worth IMO.