Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Asia Pulp & Paper Company (NYSE:PAP) -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (17)	8/26/1998 1:47:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 63

Still think it is a great buying op? I see from the yahoo summary of PAP that PAP is a vertically-integrated pulp and paper producer. PAP produces paper and packaging products, as well as bleached hardwood kraft pulp. For the fiscal year ended 12/31/97, net sales rose 17% to $2 billion. Net income according to U.S. GAAP increased 24% to $144.7 million. Revenues benefitted from higher sales volume of packaging products and printing and writing paper products. Net income also benefitted from the depreciated Rupiah and gained operating efficiencies. So if the depreciating currency benefits the company, does that mean that a lot of PAP's income comes in as greenbacks? Just curious. Anybody know when earnings come out--if US imports have been running at record levels due to all these currency devaluations overseas, maybe PAP will do well--lots of packaging coming into the US... eom