Cantonment Mill Explosion Will Sustain High Industry Operating Rates; Maintaining $39 IP FVE
On the night of Jan. 22, International Paper’s Cantonment containerboard and fluff pulp experienced an explosion, damaging its largest pulp digester and the mill power house. No mill employees were injured. This is likely to idle roughly 530,000 tons of linerboard capacity and 170,000 tons of fluff pulp capacity for weeks, if not a month or two, as repairs are made. While this will have a minor impact on 2017 results, it is immaterial to our $39 fair value estimate for IP.This will elevate line...
International Paper is a producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, India and Russia. The company's segments are: Industrial Packaging, which manufactures containerboard, such as linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; Global Cellulose Fibers, which produces fluff pulp for making absorbent hygiene products like baby diapers, feminine care, adult incontinence and other non-woven products; and Printing Papers, which produces printing and writing papers, such as uncoated papers for use in copiers, desktop and laser printers and digital imaging.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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