U.S. Forest Products Stock Index Declines 41% Year-Over-Year
of the 27 largest forest company stocks fell 41.16% to 50.59 from the same
period a year ago, as reported Monday at market’s closing by Forestweb, the
leading independent provider of business intelligence for the forest products
sector, which includes timberlands, pulp and paper, packaging and wood
products.
Among the most active stocks in the Forestweb iiStock Index is Smurfit-
Stone Container Corp. (SSCC) at
Temple-Inland (TIN) fell 74% from a year ago to
(IP) saw its stock price fall to
Many analysts agree that 2009 promises to be an extraordinarily tough year
across the forest products sector. A number of factors continue to place the
industry in a very tight box, including: a severe cyclical downturn marked by
startling volume declines; an acceleration of negative secular trends in some
niches; and tight credit conditions.
Industry downtime has come swiftly. Many in the industry were concerned
yet optimistic about the future as recently as
predicted the full extent of Wall Street’s financial havoc, as witnessed by
the
containerboard and corrugated producer.
According to the Fibre Box Association, box shipments fell 14.4% in
November from a year earlier, while containerboard consumption was down 15.3%.
For 2009, U.S. box shipments are estimated to drop by more than 3.5%.
The recently launched U.S. Forest Products Stock Index by Forestweb is a
comprehensive index containing the stocks of all publicly held forest
products-related companies headquartered in
the New York Stock Exchange. The index is calculated using a market
capitalization approach similar to the S&P 500 and is updated every 10 minutes
to reflect the price movement of significant sector participants. The
Forestweb iiStock Index is available at no charge and e-mailed each day at the
close of the market to registered users. To sign-up, visit,
http://my.forestweb.com/iiStockIndex.
About Industry Intelligence
Forestweb is a sister company of Industry Intelligence Inc., a Web-based
provider of a suite of information management solutions that gives users the
meaning behind the information: who, what, where and why. For more
information, visit http://www.industryintel.com.
SOURCE Forestweb