Boise keeps growing
Jan. 26, 2011 11:15 AM ETBZ-OLD
Jim Van Meerten's Blog
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This morning I entered a buy order for
Boise (BZ) in the Barchart Van Meerten Speculative portfolio. Boise manufactures premium and specialty products, including papers for pressure sensitive and flexible packaging applications, container board and corrugated products, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.
The stock hit 16 new highs and appreciated by 12.77% in the last month alone earning it a 100% Barchart technical buy signal. The stock has a rising Relative Strength Index of 77.89% and trades around 8.89 with a 50 day moving average of 7.87.
Wall Street brokerage analysts have 3 buy and 1 hold recommendation released based on estimates of increased revenue and earnings. They project an increase in revenue of 6.00% this year and another 3.40% next year. Since the company has large fixed costs these increase should fall to the bottom line with expected increases in EPS of 416.70% this year, 21.50% next year and continue at 20.00% per year for 5 years out.
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Disclosure: I am long BZ.
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