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OfficeMax Incorporated Message Board

  • Professor_RJ Professor_RJ Apr 14, 1998 12:50 PM Flag

    S&P downgrades...BCC is up...here's why.

    Two quick reasons:

    1. Quarterly earnings reports were released today. BOP: 1st quarter net income of $17.6 million (on revenues of $760 million) vs. net income of $14.9 million (on revenues of $598 million) for one year ago. BCC: 1st quarter loss of $1.2 million (sales of $1.5 billion) vs. loss of $15.2 million (sales of $1.4 billion) one year ago.

    2. Reuters reports that shares of US paper makers rose "amid speculation the industry's end-of-March inventories were below average. Lower inventories could mean paper companies will be able to charge higher prices for their products."

    See also message 14 for more questions.

 

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