Smurfit-Stone Looks Like a Buy Below $6 - Stephanie Grimmett

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Smurfit-Stone Looks Like a Buy Below $6
Sep 04, 2008 10:18 AM UTC

Stephanie Grimmett

Return	Risk
-37.83%	LOW

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
SSCC		09/04/08	-89.51%	--
IP	n/a

Via Long Investment Ideas from Seeking Alpha:

Smurfit-Stone Container Corp. (SSCC) was up 30% yesterday on news that its competitor International Paper (IP) pushed through a hike in containerboard prices as of October 1.

The new prices, which aren't specified, could triple Smurfit's earnings if they hold through 2009. That would mean earnings as high as $1.50 per share versus. the estimated 45 cents per share right now. And even after Smurfit's 30% run up yesterday, the share price would only be about four times earnings.

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lexramirez

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1 point commented 149 days ago reply

Unbelievable how you got this one wrong. And to think you still have on low risk.

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