-$0.09 (-2.26%)
06:28AM (15 mins delay)
Nov 06, 2009 - 11:56 AM EST
Many US paper companies have had a fantastic run-up this year, particularly smaller, highly levered companies. Cursory review of industry financial statements show weak top-lines, but incredible growth in operating results. Despite the apparent attractiveness of TTM financials, the paper industry is not experiences a miraculous recovery, rather fundamental improvements have been driven by a stealth industry bailout funded by the increasingly generous US taxpayer.
To illustrate how well the papers have done in this environment, the table below shows recent stock performance of a number of companies in the industry.
Source: Seeking Alpha (Nov 06, 2009 - 11:56 AM EST)
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