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International Paper Company (IP)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 12:40PM EST. Market open.
575 reactions on $IP conversation
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Son of Kong
I cannot believe UBS put out a SELL rating on IP when they've blow away their earnings for the past 3 quarters!! Coincided with X dividend date too!!
Son of Kong
Just picked up some great shares of IP. Reasons: Beat quarterly earnings big time past 3 quarters, tons of cash on hand and not much more debt, relatively cheap price and a Fantastic 4% dividend!! Can you say Winner??
Sell ratings by two places. Any thoughts on this?
UBS initiated coverage today for IP( p/t $40), and PKG (p/t $146) with a sell rating for both.
UBS also initiated coverage for WestRock (p/t $59) with a buy.
UBS last covered International Paper in 2012.
When IP was trading at $27.00 last March, no word from UBS.
They must be short!
Great play on Amazon! Most of the time when my wife orders from Amazon the stamp on the back says IP
every week for recycling pickup I see everyone's bins overfull of cardboard from online purchases. I don't see any slowdown in the near future.
Excellent October numbers for containerboard. Plus operating rate was over 98% which is basically full capacity. Exports were down which helps average price.
1/15/21 - Zacks maintains buy rating on IP
Why the spin off?
Did I hear Cramer say that the paper/board companies were trying to put thru a second price increase?
Spin off is a no brainer. Unloading long term secular destruction without have to conduct a fire sale. Do not worry about the reduced dividend. Just sell off your shares of Spin Co and reinvest in IP or other dividend paying stock.
Besides just recently having an excellent quarterly report, IP has now blasted through technical resistance.
Yahoo Finance Insights
IP is up 4.95% to 52.20
A good solid quarter that is being reported as "disappointing" and a failure of management. The press certainly has its own agenda, and it isn't truth.
Yahoo Finance Insights
IP reached a 52 Week high at 52.51
Excellent earnings report with strong cash generation...plus major reduction in debt. Pulp still bad, but printing papers had a decent rebound. Luckily IP is not as dependent on office papers as PKG or Domtar.
I can't remember when Zack's was right about anything.
I was recycling cardboard boxes from recent covid19 related Amazon purchases today and couldn't help but notice that most of the boxes came from International Paper... Makes you wonder how the virus is impacting the company's operations. I'd say I feel very positive about the business in times when so many people are ordering products from home, but it's debt burden and low cash on hand are worrisome. Thoughts?
4.5% increasing dividend + $2 billion buyback + 6.1 P/E << ======= seems like a bargain
What am I missing?
It's still amazing to me that Yahoo Finance can't report ALL the news on a stock in a timely manner. Just found this today 1/6/2020 that on 12/10/2019 Goldman Sachs downgraded IP from neutral to sell and put a $40 price target on it. Meanwhile BNP upgraded IP on 12/2 to OUTPERFORM with a $53 price target. I guess we will see on January 30th who is right.
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