Q1-2009 Small Cap Industry Outlook - Paper and Packaging
This look at the small cap paper/packaging group is another piece of our overall small cap forecast for the first quarter of 2009. If you’d like to review our entire small cap forecast, be sure to see the links below.
After a wave of consolidations, and pain created by sky-rocketing materials costs, paper and packaging stocks are surprisingly holding up better than most. In fact, they’ve led the way since early November. Prominent small caps in the industry include Potlatch (PCH), Domtar (UFS), Aracruz Celulos (ARA), Sappi Ltd. (SPP), Wausau Paper (WPP), Temple-Inland (TIN), and PH Glatfelter (GLT). Caution - there are more misses than hits when it comes to earnings, though we expect that trend to shift for the better now that expenses are being reigned in somewhat.
If you’d like to know more about the methodology behind our quarterly sector outlook, or if you’d just like to see our entire small cap sector report, there are two ways to do so. You can visit the web page here…
http://bluegrassportfolio.com/q1-2009-small-cap-sector-and-industry-outlook/
Or you can download the printable PDF version here….
http://bluegrassportfolio.com/Q12009BPMSmallCapreport.pdf
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