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Packaging Corp of America (PKG), first discussed here on June 3, 2009 at a price of $16.55, has put further distance between its shares and the $20 level, and the business model is still preferred at this juncture.
Look for Packaging Corp’s revenue to likely increase about 4-7% in 2011, after a likely 10-12% increase in 2010. The containerboard market for corrugated boxes should continue to rebound in 2011, with more pricing power, and better margins.
Read the complete article here.
Happy trading,
Curt
More on this topic
(What's this?)
Is the U.S. Economy Still in a Recession?
(Money Morning, 4/27/12)
What's Wrong with the U.S. Economy
(Wealth Daily, 4/28/12)
The Recovery is a Lie
(Learn Mining News, 3/26/12)
Goldman Sachs: PKG Earnings Strong
(Benzinga, 10/19/10)
