Comments for IP - Stockpickr! Your Source for Stock Ideas

Comments for IP

Added By	Comments	Type	Date Added
bsharkody	Paper and Packaging	Love	September 19, 2009
barrons3	As for the three key building blocks, Cramer said to buy PPG for PVC, International Paper and Temple Inland for corrugated boxes and Martin Marietta and Vulcan Materials (VMC) for bricks.	Love	September 17, 2009
Stockpickr Staff	"Drilling budgets will be renewed and grow larger, and nat gas - particularly Dow Chemical (DOW) or International Paper (IP) -- should be locked in for years at these prices because they aren't going to stay here much longer." (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=cab92cc3-92cb-4059-b309-9bfc0112ce4e" target="_blank">"Dining at the Oil Trough," 5-1-09</a>)	Love	May 04, 2009
barrons3	On stocks of companies that have significantly lowered earnings guidance, buy defensive puts. This works for Texas Instruments (TXN), Ingersoll-Rand (IR), Eaton (ETN), International Paper (IP), National Semiconductor (NSM), Sandisk (SNDK), Illinois Tool Works (ITW), Massey Energy (MEE), Parker Hannifin (PH), Estée Lauder (EL), Time Warner (TWX), CSX (CSX) and Norfolk Southern (NSC).	Love	April 18, 2009
sarah z	From a recent Mad Money show:"People are concerned with the balance sheet and I am, too. You have to lighten up on that position."	Love	March 30, 2009
sarah z	From a recent Mad Money show:"They've done so much wrong; I'm not going to get behind them. The balance sheet is horrible. What were they thinking over there?"	Love	March 23, 2009
sarah z	From a recent Mad Money show:"They've done so much wrong; I'm not going to get behind them. The balance sheet is horrible. What were they thinking over there?"	Love	March 20, 2009
barrons3	International Paper (IP): That's a $40 stock.	Love	March 05, 2009
sarah z	From a recent Mad Money show:"No, don't waste another second on that one. They don't have it, I don't want to touch IP."	Love	February 27, 2009
barrons3	International Paper(IP) -- Best-of-breed paper company with a 9.3% yield, but $11 billion in debt that has been endlessly piled on. How can that yield be sustainable?	Love	January 29, 2009
sarah z	Overleveraged. Too much debt. Need to pay down debt. How many times have you read that story? You read it so much because it plays out every day and plays havoc with stock picking almost every time you see a savory stock down on its luck. This weekend, as I went through the charts, I was amazed at how low some stocks have gone, stocks that I would normally say to just take a flyer on, but turn out to have so much debt, short- and long-term, that they are just too dangerous. Consider these perhaps poisonous morsels: International Paper (IP) -- Best-of-breed paper company with a 9.3% yield, but $11 billion in debt that has been endlessly piled on. How can that yield be sustainable? Tyson Foods (TSN)-- We know that prices for grain are way down. Grain is the principal cost of this company. But it has $2.8 billion in long-term debt and that's just too much to make it attractive. Newell-Rubbermaid (NWL) -- This once-great company's got a yield of 9.7%. How much do I want that? But how much do I want that $2.2 billion in debt on the balance sheet? Like a hole in the head! Legg Mason(LM) -- With its 5.3% yield and a brand name that must still hold some cachet, you would like to snap it up until you realize that the company's got about $3 billion in long-term debt. How can that company compete with T. Rowe Price (TROW), which has no debt? Leggett & Platt (LEG) -- This company has a 7.7% yield but almost a billion dollars in debt. I like this high-quality bedding and furniture company, but how do I know that it can handle that debt-load through the trough. Same with Masco (MAS), a similarly high-yield-and-massive-debt company. Obvious examples abound everywhere: New York Times(NYT), Sara Lee(SLE), Las Vegas Sands (LVS), RF Micro Devices (RFMD) (among so many techs with so much debt), VeriSign(VRSN), Weatherford(WFT) (along with a lot of oil service companies with debt) and most of the restaurant chains, big and small. Sure, a lot of it can be explained away for certain, because of lease payments or because it is balanced out with cash on the balance sheet and is a cheap form of expansion. But a lot of it can't be explained away other than to say that bankers talked them into it and they lapped it up during the good times. Some of it was added just to buy back stock, like International Game Technology (IGT) and New York Times! Lotta good that decreased share count did for those companies. Some of it was added to change business models, like American Express(AXP). Other amounts were added to make go-go acquisitions and expansions like Las Vegas Sands or Liz Claiborne (LIZ) or Johnson Controls(JCI), or Freeport-McMoRan(FCX). The place is riddled with it! That's one of the reasons why it is so darned hard to catch a real bottom. There's so much debt. You see it in every sector in every business. In the last few weeks we have seen a bit of change in the market. The companies without debt have begun to outperform those with it, as there is a recognition that the credit situation -- which has deteriorated markedly since Lehman -- has gotten worse, not better, despite endless commentary to the contrary. There are so many bulls on this issue on TV. Ultimately, the debt crunching will lead to bankruptcies and stronger companies emerging to the fore. But everyone who has tried to play that so far has been hit by competitors dumping inventory -- Bed Bath (BBBY) and Best Buy (BBY) are good examples of choices picked too early. Office Depot (ODP) and OfficeMax(OMX) are difficult plays to see surviving given their balance sheets (lots of it lease) vs. Staples(SPLS). But if you step into Staples now you might have to deal with many more bad quarters from a slowdown in small business and the troubles of the two ne'er-do-wells. As long as the credit crisis perseveres, the first thing you need to do before you buy a stock is figure out how much money it needs to pay -- not to grow, but to survive. That's why so few of these vastly reduced priced stocks are worth even looking at, let alone buying. You see big debt that is not for typical financing purposes, such as utilities and banks. I say move on.	Love	January 26, 2009
stockerblog	6.05%	Love	October 26, 2008
eihcir	The proof is in the pulp!	Love	August 27, 2008
sarah z	From a recent Mad Money show: "I think management has systematically let people down for years. sell, sell, sell. "	Love	June 15, 2008
sarah z	From a recent Mad Money show: "No, no, I like Weyerhaeuser (WY) more, and I like Temple-Inland (TIN) more. IP is just not well run."	Love	June 03, 2008
sarah z	From a recent Mad Money show: "No, no, I like Weyerhaeuser (WY) more, and I like Temple-Inland (TIN) more. IP is just not well run."	Love	May 20, 2008
chu22451	leadership	Hate	May 07, 2008
concord billy	just goes nowhere but down	Hate	March 31, 2008
sondiego	International expansion will provide boost in sales and earnings.	Love	February 07, 2008
stitgh	owned	Love	October 31, 2007
jlinsenmann	should have sold at the high waiting for unilt goes back to its high again	Love	October 26, 2007
libradame	confident of their track record	Love	August 03, 2007
wishihadmore	Divident payer, they own plenty of land, growth overseas	Love	July 18, 2007
petesha	rated #1 by value line; they are improving their company	Love	May 19, 2007
Ernest Elliot	Have Options and company stock and need to know if I should get more.	Love	May 11, 2007
supratrade	Ratings change:NEUTRAL,Target price:USD 34-38	Love	April 05, 2007
n1369e	wood and paper	Love	March 02, 2007
Random S&P Portfolio	Materials SPDR Pick In at $37.78	Love	February 17, 2007
Larry Starnes	long	Love	January 18, 2007
Eye Mainiac 1	safe?	Love	January 11, 2007