Neenah Paper, Inc. (NYSE:NP)

CAPS Rating: 4 out of 5

The Company is a producer of premium fine papers and technical products. It also produces bleached kraft market pulp in Canada. and its three primary operations are: fine paper business, technical products business & pulp business.

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Member Avatar Nvestn4RAK (< 20) Submitted: 3/29/2014 2:42:18 PM : Outperform Start Price: $50.57 NP Score: +1.62

Their primary products are high growth in up markets, and holding in down markets. That and a DIVIDEND have made this stock a consistent winner for me.

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Member Avatar cajun1958 (36.70) Submitted: 2/26/2014 2:18:45 PM : Outperform Start Price: $50.17 NP Score: +1.39

Great product and innovation in the paper industry yet!! see it at 55 and a regular growth issue

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Member Avatar MechanicalBull1 (82.99) Submitted: 5/31/2011 11:45:42 AM : Outperform Start Price: $21.69 NP Score: +97.64

valueline

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Member Avatar stovkey1highdiv (< 20) Submitted: 5/15/2011 11:00:50 PM : Outperform Start Price: $21.43 NP Score: +99.92

key04, 1.9 % dividend

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Member Avatar heckishfire (52.05) Submitted: 7/22/2009 9:55:20 AM : Outperform Start Price: $7.86 NP Score: +456.84

I believe this stock will eventually rise back to it's mid teens or higher levels that it enjoyed about a year ago - it will take time though. They closed a plant in California starting in May of '09 which will save them 7million annually.

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Member Avatar tonylogan1 (28.22) Submitted: 7/8/2009 7:40:49 PM : Underperform Start Price: $6.67 NP Score: -558.21

up 109% in 3 months, overdone

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Member Avatar angrytourist (49.33) Submitted: 5/21/2008 8:15:03 AM : Outperform Start Price: $18.30 NP Score: +144.20

Looks like this stock is taking a beating because of some recent financial troubles. If they can fix those issues, I see this being an otherwise solid company. Paper costs are skyrocketing, and the industry has zero hesitation in passing on increased manufacturing costs to the consumer.

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Member Avatar MalcoweeDaddy (80.27) Submitted: 5/17/2008 6:05:33 AM : Outperform Start Price: $17.39 NP Score: +159.84

a boring co. with a unique niche

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Member Avatar phowardmlm (73.32) Submitted: 5/30/2007 9:26:48 AM : Underperform Start Price: $36.95 NP Score: -8.78

So boring I almost forget I have it, then I turn around and it's gone up another percent or two. Dividend a plus.

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Member Avatar Hazet808T5 (61.64) Submitted: 4/23/2007 4:10:36 AM : Outperform Start Price: $33.75 NP Score: +19.26

nastro

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Member Avatar going2maine (98.25) Submitted: 2/1/2007 11:17:22 AM : Outperform Start Price: $29.16 NP Score: +38.58

These stocks are in my real life portfolio.

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Member Avatar drnerdo2k2 (41.00) Submitted: 1/8/2007 1:46:56 PM : Outperform Start Price: $29.72 NP Score: +32.42

Natural selection screen

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Member Avatar NetscribeManufac (66.39) Submitted: 12/15/2006 8:58:30 AM : Outperform Start Price: $29.58 NP Score: +34.97

Following the spin-off by Kimberly-Clark Corporation in 2004, Neenah Paper primarily manufactures and distributes a range of premium and specialty paper grades and pulp. The company’s fine paper division is a leading producer of premium writing, text, cover and specialty papers. It is equally supported by its technical products division that produces saturated and coated base papers.

Neenah Paper has undergone a major transition, downsizing its pulp exposure while simultaneously increasing its specialty fine paper and technical products business. The purchase of FiberMark’s German-based technical products seems to be a nice strategic fit as it expands Neenah’s footprint in the technical products arena.

Demand for paper products has witnessed a strong momentum recently. Though uncoated free sheet usage has been eroding, coated paper demand appears somewhat more favorable. Pulp prices have risen recently, and it is well anticipated that they will remain elevated in coming quarters due to a recent cut in industry’s capacities.

Neenah Paper has seen a relatively steady growth in its top-line. But going ahead, a positive operating environment is being anticipated with the FiberMark acquisition giving a boost to the company’s revenues. We expect margins at Neenah to widen significantly with the divestiture of the Terrace Bay pulp businesses and its focus on niche markets and specialty products.

With a strong cash build-up amid recent acquisitions, the company has a significant scope to enhance shareholder value, thereby giving the stock an ample room to prove a point.

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Member Avatar DukeTimberGuy (< 20) Submitted: 12/8/2006 1:09:05 PM : Underperform Start Price: $29.27 NP Score: -35.47

This is an industry that has not outperformed the market consistently for many years. Global competetion kills this segement

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Member Avatar TMFCanuck (96.40) Submitted: 10/16/2006 11:09:58 AM : Outperform Start Price: $31.14 NP Score: +19.96

A sleepy pick. Management has done a good job to rid themselves of the albatross hung on their neck by the Kimberly-Clark spin-off.

To whit:

* Terrace Bay is gone, baby, gone. The pension commitments should reduce too.

* Half of the timberland assets monetized and essentially exchanged for the FiberMark business.

* With modest growth assumptions (which, given the stagnant growth in the past year, may be a big stretch, but we'll see) the stock is worth $40 today.

Ideally, management finds someone else to take the Pictou pulp operations, and further monetizes the remaining timberlands.

Management then can concentrate on the fine paper and technical products divisions. This would further eliminate the exposure to the Canadian dollar (pulp is priced in USD, but related expenses are paid in Canuck bucks, and that's done nothing but go up for the past four years), as well as pulp commodity prices.

Get paid a 1.1% dividend to wait too.

Not going to light the world on fire. But I don't think 12-15% annual returns from here (including dividends) are impossible. And that should be enough to beat down the S&P.

Results 1 - 15 of 15

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