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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (25823)	2/1/2007 2:48:05 PM
From: E_K_S	Read Replies (1) of 78516

International Paper Completes Exchange of Brazilian Assets With VCP earthtimes.org From the article:..."This investment complements our global strategy, improving our competitive position, while adding value to shareowners. The project is immediately earnings accretive, with greater than cost of capital returns, and doubles the EBITDA of our Latin American business," said John Faraci, International Paper chairman and chief executive officer. "The Luiz Antonio mill is a globally cost-competitive paper mill, and its addition to our portfolio, along with our plans for the paper operations in Tres Lagoas, significantly expands our uncoated freesheet capacity in Latin America while providing growth opportunities in the region." ================================= Started a small position in VCP yesterday to complement my ARA holdings. EKS

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