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Non-Tech : Buckeye Cellulose - BKI Low PE- High Growth

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To: randmiser who wrote (21)3/17/1999 3:05:00 PM
From: Gator II   of 28
 
No, I wasn't joking. But I have been out of town recently and not checking the boards. As for BKI's decline, all pulp and paper stocks declined starting with increased concerns over a lasting Asian Flu epidemic since mid 1998 (if not before). Buckeye's a niche player that I don't think most analysts understand let alone many private investors. They treat it just like another pulp manufacturer. Recent upgrades of the papers helped BKI to rally to where it currently is (was yesterday). IMO, neither move was justified on BKI's fundamentals...the big fall from the low twenties to the twelves or the recent rally to the mid-teens. Today, I believe we are retesting or plumbing the bottom of what may be a new trading range. Personally, I believe the appropriate level for BKI is in the high teens to low twenties.
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