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Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:37 EDTLPX, RKT, SWM, BZ, UFS, PCL, WYPaper & Forest Products sector downgraded at Goldman
Goldman downgraded the U.S. Paper & Forest Products sector to Neutral from Attractive due to valuations. As part of the sector downgraded the firm cut Domtar (UFS) to Neutral from Buy and removed Rock-Tenn (RKT) from its Conviction Buy List.
News For UFS;RKT;WY;BZ;LPX;PCL;SWM From The Last 14 Days
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October 31, 2014
05:34 EDTWYWeyerhaeuser sees lower earnings from Timberlands segment in Q4
Weyerhaeuser anticipates lower earnings from the Timberlands segment in Q4, primarily due to reduced earnings from disposition of non-strategic timberlands. In the West, the company expects improved log realizations and increased road maintenance costs. In the South, Weyerhaeuser anticipates higher silviculture costs. Weyerhaeuser expects earnings from the Wood Products segment in Q4 to be significantly lower than Q3, and comparable 4Q13. The company anticipates weaker realizations in lumber and oriented strand board, and seasonally lower sales volumes across all product lines. Weyerhaeuser expects significantly higher earnings from the Cellulose Fibers segment in Q4 due to reduced maintenance expense.
05:32 EDTWYWeyerhaeuser reports Q3 EPS ex-items 33c, consensus 30c
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October 30, 2014
15:41 EDTWYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.73; Chevron (CVX), consensus $2.56; AbbVie (ABBV), consensus 77c; NextEra Energy (NEE), consensus $1.55; Dominion Resources (D), consensus 96c; Aon plc (AON), consensus $1.12; Weyerhaeuser (WY), consensus 30c; Clorox (CLX), consensus $1.03; Rockwell Collins (COL), consensus $1.27; Newell Rubbermaid (NWL), consensus 55c; Pinnacle West (PNW), consensus $2.15; Legg Mason (LM), consensus 0c; TECO Energy (TE), consensus 32c; Oshkosh (OSK), consensus 82c; Hilton Worldwide (HLT), consensus 17c; Genesee & Wyoming (GWR), consensus $1.17; Spirit AeroSystems (SPR), consensus 74c; Madison Square Garden (MSG), consensus 32c; Magellan Midstream (MMP), consensus 66c.
11:20 EDTRKTKapStone jumps after saying MLP being studied
Shares of KapStone Paper (KS) are rising after the company said on its third quarter earnings conference call that it is studying a potential master limited partnership, or MLP. WHAT'S NEW: KapStone management stated that the company has filed a request for a PLR, or private letter ruling, with the IRS regarding a potential MLP, though added that the move "does not indicate a decision" on its future direction. "We're only just trying to get in line. We are working with a good group of outside advisers and we remain intrigued by the concept and are studying our options," KapStone management stated. KapStone cautioned that the company still has not reached a designation and an MLP plan has not been submitted to its board for approval. Last night, KapStone reported third quarter adjusted earnings per share of 60c and revenue of $598.1M, which missed consensus forecasts of 67c and $604.18M, respectively. WHAT'S NOTABLE: On July 24, Bloomberg reported that Richard Perry's Perry Capital took positions or increased holdings in containerboard names KapStone, International Paper (IP), RockTenn (RKT) and Packaging Corp. (PKG). Perry stated in the fundís Q2 letter the he believes the companies can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, according to Bloomberg. PRICE ACTION: In morning trading, shares of KapStone are up more than 6% to $31 following the MLP comments made on the call.
October 28, 2014
10:12 EDTPCLOn The Fly: Analyst Downgrade Summary
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07:53 EDTPCLPlum Creek Timber downgraded at BofA/Merrill
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06:02 EDTPCLPlum Creek Timber downgraded to Neutral from Buy at BofA/Merrill
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October 27, 2014
16:13 EDTPCLPlum Creek Timber to sell 165K acres of forestland to TNC for $134M
Plum Creek Timber announced it has reached an agreement to sell approximately 165,000 acres of Montana and Washington forestland to The Nature Conservancy, or TNC, for $134M. The sale is part of an effort to unite the checkerboard land ownership patterns of these lands. The agreement includes timberlands located at relatively high elevations with slower growing trees. While less productive for timber operations, these lands are desired for forest conservation, recreation, public access, and ecological protection. They are among the most ecologically diverse and intact biological systems remaining in the United States, including lands in the lower Blackfoot Valley near Missoula, Montana, located in the Crown of the Continent, and also lands on both sides of Interstate 90 between Snoqualmie Pass and Ellensburg in Kittitas County, Washington, located in the Heart of the Cascades.
16:11 EDTPCLPlum Creek Timber sees FY14 EPS $1.10-$1.20 , consensus $1.15
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16:11 EDTPCLPlum Creek Timber sees Q4 EPS 29c-39c, consensus 37c
During the fourth quarter, harvest levels in the Northern and Southern Resources segments are expected to be similar to third quarter levels. As a result, overall harvest levels for the year are expected to be in the 19.2M-19.5M ton range. Q4 Real Estate segment revenues are expected to be between $105M-$125M. These expectations include the Washington state portion of the conservation transaction with The Nature Conservancy. The Manufacturing segment is expected to report fourth quarter results similar to the third quarter excluding any gains recognized as part of the MDF reconstruction.
16:08 EDTPCLPlum Creek Timber reports Q3 EPS 34c, consensus 30c
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15:34 EDTPCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Amgen (AMGN), consensus $2.11; General Growth Properties (GGP), consensus 31c; Avalonbay (AVB), consensus $2.00; Hartford Financial (HIG), consensus 83c; Universal Health Services (UHS), consensus $1.36; XL Group (XL), consensus 63c; Masco (MAS), consensus 32c; Plum Creek Timber (PCL), consensus 30c; T-Mobile US (TMUS), consensus 2c; Cliffs Natural (CLF), consensus (3c); Twitter (TWTR), consensus 1c; American Capital Agency (AGNC), consensus 73c; DDR Corp. (DDR), consensus 30c; PartnerRe (PRE), consensus $3.66; Owens & Minor (OMI), consensus 47c; Manitowoc (MTW), consensus 42c; Compass Minerals (CMP), consensus 78c; Allison Transmission (ALSN), consensus 30c; Regal Entertainment (RGC), consensus 17c.
October 24, 2014
14:07 EDTRKTRockTenn increases annual dividend 7% to 75c
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October 23, 2014
11:25 EDTUFSDomtar rallies after MLP conversion discussion on call
Shares of Domtar rallied during the company's earnings conference call as the possibility of a master limited partnership conversation was addressed. Domtar stated that if it feels it would have "something compelling in the marketplace," it could consider the possibility of an MLP. It added, "If there's something there that could create shareholder value, you'll see us doing something or sharing something with the market." Shares of Domtar are up 9% to $39.44 in late morning trading. The call is now over.
07:34 EDTUFSDomtar sees Q4 paper shipments declining due to seasonality
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07:33 EDTUFSDomtar reports Q3 adjusted EPS 94c, consensus 82c
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October 20, 2014
13:07 EDTRKTRockTenn initiated with a Buy at Dundee (pre-open)
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