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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LAWRENCE C. who wrote (19191)	3/12/2000 4:21:00 AM
From: Ditchdigger	Respond to of 29382

thanks for the info Lawrence,lots of consolidation going on in the industry--keyword is global..Here is some decent reading if you are interested in the sector...note the articles are only current until Nov...I'm to cheap to pay for the newsletter<g>... hawkinswright.com looks like the Three Amigo thread made the hot list,,,tends to bring the spammers flocking our way<vbg>...woodstove is loaded, back to bed for me...;^) PS: IMO, the key to company profitablity in this sector is supply control,,and supplies for pulp are getting low(hence prices up) "As a result, Norscan stocks of pulp now represent just 19 days supply. In seasonally adjusted terms it is necessary to go back to June 1989 to find a lower figure."...maybe they should set up a coalition---how about PULPEC<vbg>..also interesting to note,and a bit confusing to me, it appears lumber prices are holding steady/flat..I need to look into this a bit closer, one would think that demand would be very strong with the building boom,,but stocks/supply must be strong as well,for prices to be holding flat. Living in Vt.,,one thing I can say, demand for logs here is very strong.A couple of the local mills are adding capacity,,most of this lumber is used in plywood,,explains why plywood prices are down....

To: LAWRENCE C. who wrote (19191)	3/12/2000 5:16:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

Lawrence, one last comment on IP,,,interesting to note, their revenue actually increased in the 3rd Q due to energy prices..Since we can surmise IP's business' are energy intensive,,it's nice to know some of this cost(looking into how much) is actually offset by their own oil and gas exploration/production/joint veture/property leasing activities...from thier homepage "Our PETROLEUM AND MINERALS division manages mineral resources on company land and develops oil and gas reserves in West Texas, the Gulf Coast and the Gulf of Mexico" ... "Chemicals and Petroleum, which includes results from our approximately 68% owned subsidiary, Bush Boake Allen, reported 1999 third-quarter net sales of $370 million which were slightly higher than the $360 million in the previous quarter and even with the 1998 third-quarter. Operating profit of $38 million in the current quarter is 36% higher than the previous quarter with all of the businesses included in this segment showing an improvement. Earnings of our Chemical businesses increased as a result of higher shipments of upgraded resins and strong Asian demand. Results were further improved by an average increase of 27% in oil and gas prices and a 10% increase in demand for chemical specialty pulp. Operating profit in the 1998 third-quarter was $34 million."