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Stock Market & Financial Investment News

News Breaks
July 24, 2014
13:16 EDTIP, RKT, KS, PKGContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
News For IP;RKT;KS;PKG From The Last 14 Days
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October 24, 2014
14:07 EDTRKTRockTenn increases annual dividend 7% to 75c
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October 20, 2014
17:05 EDTPKGPackaging Corp. expects Q4 EPS $1.16, consensus $1.16
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17:03 EDTPKGPackaging Corp. reports ex-items Q3 EPS $1.26, consensus $1.26
Reports Q3 revenue $1.52B, consensus $1.50B. Special items excluded from EPS include after-tax charges for the Boise integration, debt refinancing and DeRidder mill restructuring of 20c per share, including cash charges of 6c per share, and non-cash charges of 14c per share.
15:30 EDTPKGNotable companies reporting after market close
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13:07 EDTRKTRockTenn initiated with a Buy at Dundee (pre-open)
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13:06 EDTKSKapStone initiated with a Buy at Dundee (pre-open)
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13:06 EDTIPInternational Paper initiated with a Buy at Dundee (pre-open)
Target $55.
13:06 EDTPKGPackaging Corp. initiated with a Buy at Dundee (pre-open)
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October 16, 2014
10:01 EDTPKGOn The Fly: Analyst Upgrade Summary
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08:48 EDTPKGPackaging Corp. upgraded at Buckingham
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07:31 EDTPKGPackaging Corp. upgraded to Buy from Neutral at Buckingham
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