Asia Pulp & Paper Company (NYSE:PAP) Message Board

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Non-Tech : Asia Pulp & Paper Company (NYSE:PAP)

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To: M CAHILL who wrote (7)	6/29/1998 10:54:00 AM
From: Milk	Read Replies (1) of 63

I agree, $16 is quite realistic. From Forbes 03/23/98 article: "PAP is the world's lowest-cost paper and pulp producer, thanks to cheap fiber and transportation costs and new, ultra-efficient plants and equipment. Francis Ward, a partner at Manning & Napier Advisors, a Rochester, N.Y. investment firm with $7 billion in assets, says most PAP product comes from quick-growing hardwoods that mature in seven years, three times faster than in North America." Also, "Indonesian politics could hurt the stock short term, but Morgan Stanley analyst Matthew Berler thinks a price of $22, a 73% jump, is likely within 18 months." forbes.com Regards, Milk

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