Temple-Inland says economic conditions have stabilized
“As we look forward, economic conditions, while still uncertain, have stabilized and appear to be on a slow path to recovery. We have demonstrated our ability to execute our strategy, generate cash and reduce debt over the course of the recession. We are confident that as the economy recovers we are well positioned to continue to provide solid relative results for shareholders.," Doyle R. Simons, chairman and CEO said. :theflyonthewall.com
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Temple-Inland says focus is to pay down debt, not share repurchase
When questioned about the share repurchase program on the Q4 earnings conference call the company CEO said, ... "as indicated by our recent increase in our dividend, we are focused on returning cash to shareholders. However, with that said...our near term focus is going to be to continue to pay down debt. We also have had this compelling opportunity to invest capital in our business and we are really excited about box plant transformation two. And we will also look to profitably grow our company through acquisitions. So all of those are on the list... But in terms of near term priority, I can tell you that paying down debt is the focus". :theflyonthewall.com
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