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1 pt

Smurfit-Stone Looks Like a Buy Below $6

 Sep 04, 2008 10:18 AM UTC
Return Risk
-63.91% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
SSCC Positive 09/04/08 -93.50% --
IP n/a

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Smurfit-Stone Container Corp. (SSCC) was up 30% yesterday on news that its competitor International Paper (IP) pushed through a hike in containerboard prices as of October 1.

The new prices, which aren't specified, could triple Smurfit's earnings if they hold through 2009. That would mean earnings as high as $1.50 per share versus. the estimated 45 cents per share right now. And even after Smurfit's 30% run up yesterday, the share price would only be about four times earnings.




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