Are Paper Makers on Santa's Naughty List?
Secular headwinds continue to eat away at paper volumes in North America.
Could paper makers be on Santa's naughty list this holiday season? Certain secular headwinds continue to eat away at select paper volumes in North America. And we believe that the growing preponderance of e-readers will continue to chip away at paper demand used in books, magazines, newsprint, and envelopes used in the developed countries of the world. Consequently, we are cautious on top-line growth prospects of forest-product companies that are overly dependent on publication paper or uncoated freesheet paper sales in the Western world.
Thomas Mullarkey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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