Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
International Paper
Old 08-19-2011, 04:40 PM   #1
Recycles dryer sheets
 
Join Date: Jun 2011
Location: Buffalo
Posts: 66
International Paper

What do you think of this at 23.67
__________________

__________________
Snowx800 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-19-2011, 05:51 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 8,824
Is it still giving good dividends ?
__________________

__________________
Moemg is offline   Reply With Quote
Old 08-19-2011, 06:31 PM   #3
Recycles dryer sheets
 
Join Date: Jun 2011
Location: Buffalo
Posts: 66
$1.26 per share this quarter. Seems like a great buy . It just is very volatile that's how I see it?
__________________
Snowx800 is offline   Reply With Quote
Old 08-19-2011, 07:13 PM   #4
Full time employment: Posting here.
 
Join Date: Apr 2008
Posts: 694
NEW YORK, Aug 9 (Reuters) - International Paper Co <IP.N> has extended its $3.3 billion hostile bid by a month to acquire rival packaging producer Temple-Inland Inc <TIN.N>.
__________________
FreeAtLast is offline   Reply With Quote
Old 08-19-2011, 07:20 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 15,183
IP is an ideal issuer to grab junk bonds from when the junk market blows up. There is tangible asset value in the timberland, so if it implodes and files for bankruptcy creditors have an asset to look to. The equity? Mysteries abound.
__________________
This post has been approved by the NSA. Carry on.
brewer12345 is online now   Reply With Quote
Old 08-20-2011, 12:31 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 20,350
Quote:
Originally Posted by brewer12345 View Post
IP is an ideal issuer to grab junk bonds from when the junk market blows up. There is tangible asset value in the timberland, so if it implodes and files for bankruptcy creditors have an asset to look to. The equity? Mysteries abound.
This is no longer true. At one time IP was the largest holder of southern pine in the world, but they sold 6ml acres in 2006 and sold some of their northern forests soon after. I believe they had another sale in 2009. So now they are essentially a fiber processor and marketer. Their 2010 10K reports ownership of 250,000 acres of forest in Brazil.

From 2010 10k:

ITEM 2. PROPERTIES
FORESTLANDS
As of December 31, 2010, the Company owned or
managed approximately 250,000 acres of forestlands
in Brazil, and had, through licenses and forest management
agreements, harvesting rights on
government-owned forestlands in Russia. All owned
lands are independently third-party certified for sustainable
forestry (under operating standards of the
Sustainable Forestry Initiative (SFI™) in the United

States and ISO 14001 and CERFLOR in Brazil).


When they sold their 6mln acres of pine in the US south, they essentialy left the tree growing business, and became an industrial fiber processor, buying they pulp and chips from 3rd parties.

It may or may not be a good investment, but it is no longer a timber company.

The creme de la creme of US timber in public hands is Weyerhaeuser. It is now a REIT, but unfortunately it is also burdened by home building and forest products ( mills, etc) businesses which are very tied to US hombuilding. So it may lose it's dividend.

Overall, US timber ownership is transitioning from integrated forest and products companies, to timberlands being owned by partnerships, wealthy foundations and universities such as Harvard and Yale and other non-operating entities.

Ha
__________________
Insanity in individuals is something rare-but in groups, parties, nations and epochs, it is the rule-Friederich Nietzsche
haha is offline   Reply With Quote
Old 08-20-2011, 07:17 AM   #7
Full time employment: Posting here.
Lakedog's Avatar
 
Join Date: May 2007
Location: Ponce Inlet
Posts: 507
Quote:
Originally Posted by Snowx800 View Post
$1.26 per share this quarter. Seems like a great buy . It just is very volatile that's how I see it?
Did you mean $0.26? The dividend dropped to $0.03 in 2009 and has now come back to pre-crash levels.

Another one you might look at is the largest private timberland owner in the US now, Plum Creek (PCL), which operates as a REIT and has maintained a steady div for several years. They produce lumber, plywood, and other wood products in the PNW but own land over much of the country. PCL bought Georgia Pacific's 4 million acres of timberland in the southeast a few years ago.
__________________
Lakedog is offline   Reply With Quote
Old 08-20-2011, 09:19 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 15,183
Thanks, ha. I did not realize that.
__________________
This post has been approved by the NSA. Carry on.
brewer12345 is online now   Reply With Quote
Old 08-20-2011, 10:32 AM   #9
Full time employment: Posting here.
JakeBrake's Avatar
 
Join Date: Sep 2008
Location: Southeast USA
Posts: 548
When I was a boy, I enjoyed hunting on IP Timberland, which was open (for the most part) to the public for hunting and other recreational pursuits.

Speaking of timberland, don't forget the Feds and the states own vast timberland acreage which produces forest products in competition with private timberland owners.
__________________
JakeBrake is offline   Reply With Quote
Old 08-21-2011, 08:25 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,043
Quote:
Originally Posted by JakeBrake View Post
Speaking of timberland, don't forget the Feds and the states own vast timberland acreage which produces forest products in competition with private timberland owners.
Not much any more thanks to litigation in the name of conservation.
__________________

__________________
Duck bjorn.
Brat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
International Simcards Easypick Travel Information 19 02-22-2013 08:17 AM
Simple Vanguard Portfolio Senin FIRE and Money 25 08-21-2011 04:04 PM
1/1/12 No more sales of paper savings bonds at financial institutions powerplay FIRE and Money 9 07-20-2011 02:16 AM
Should a retiree own International funds? Tiger FIRE and Money 42 07-09-2011 07:32 PM

 

 
All times are GMT -6. The time now is 04:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Early Retirement News right to your Email!

Stay up-to-date with all the latest news to your inbox!

unsusbcribe at anytime with one click

Close [X]