International Paper (IP) MAy Start Printing Money
International Printing (IP) is one of the leading companies in the paper products industry. Its name says it all. They produce printing and writing paper as well as pulp, tissue, paperboard and packaging material. They even produce chemicals that others in the industry use. Their markets are truly international and they serve the US, Europe amd the PAC rim.
Their main competitors are Weyerheauser (WY) and MeadWestvaco (MWV). Their Market Cap is 10.8B to WY's 8.3B and MWV's 3.9. Revenues are similarly comparable with 25.8B compared to WY's 6.5 and MWV at 6.2.
As the world economy comes back online the demand for packaging and paper product should soar and IP will start printing money.
The stock is part of my Marketocracy S&P 500 holdings and is followed on my blog Financial Tides.
On a short term technical basis BarChart is high on this stock. In the last 20 trading sessions IP has high 13 new highs and given a 104% return over the last 65 trading sessions. Of BarChart's 13 technical indicators IP is 13 for 13 BUY!!!
Recommendation: BUY at this level of around 25 with a protective stop loss at the 50 Day Moving Average of 20. Move you stop loss up weekly to protect your profits.
Please post your comments below or email me at http://FinancialTides@gmail.com
Disclosure: I hold no positions in IP at the time of publication