undervalued

The billionaire investor Carl Icahn lowered his stake in Temple-Inland to 5,312,995 shares (4.99%), by selling 2,079,098 on Nov. 25 and 26 at prices ranging from

6.5%

Temple Inland, I think is undervaled for it's future earnings and I am willing to wait a few years and buy now.

Temple Inland Isn't Settled: Find out why Dave Peltier is skeptical about this packaging maker's ability to sustain its second-quarter success.



Click here to watch the video.

On a recent Mad Money episode, he broke down corregated cardboard maker Temple-Inland (TIN). Cramer had previously recommended TIN which is down roughly 25% since that time.

Cramer is a bit miffed that TIN is trailing competitor Louisiana-Pacific (LPX), which has spiked 2.5x more than Temple-Inland since just over a month ago.

Temple-Inland is the "picture of stability," with a 3% dividend and a business that Cramer says won’t be as affected as most think due to weakness in both the economy and housing sectors.

Cramer noted that a weak U.S. dollar makes U.S. cardboard cheaper around the world. The U.S. also has one of the largest uncut softwood forests left which means Temple-Inland is well positioned for years to come.

Tonight he focused on corrugated cardboard maker Temple-Inland (TIN), a stock which is down 27% since he first recommended it back on March 20, 2007. According to Cramer, Temple-Inland doesn't deserve to be lagging behind competitor Louisiana-Pacific (LPX), which is up a quick 25% since March 20 of this year, while Temple-Inland is up a paltry 11% in the same period. With its 3.1% dividend yield, Cramer called Temple-Inland the "picture of stability," saying that weakness in both the economy and housing sectors will not hurt the company as much as anticipated.

Temple-Inland (TIN) was upgraded from Hold to Buy, Citigroup said. $23 price target. Stock is down 40% since the end of 2007, as the containerboard industry tends to outperform in the mid-to-late stages of a recession.

Temple-Inland (TIN) was downgraded by Lehman Brothers from Overweight to Equal-weight.

Temple-Inland (TIN) was upgraded from Hold to Buy, Citigroup said. $26 price target. Company facing higher interest expenses, but looks attractive following the recent spin-off.

How does corrugated packaging go together with financial services? It doesn't. Sell.