RE:RE:RE:Big selloff todayYes, this is the key reason behind the selloff.
Few things:
1) discounts of $20-$30/ton on linerboard isnt so bad when you consider linerboard going for $600+/ton
2) Pulp & Paper Weekly (which the RBC report references) only notes these discounts in the West and Mid-West, which isn't CAS's primary market.
3) Even if the above were true, I'm still not sure a 20% selloff is waranted.
pwig01 wrote: Also, CIBC:
Expressing concern over containerboard pricing and believing its share price has been “slow to react” to negative industry trends, CIBC World Markets analyst Hamir Patel downgraded his rating for
Cascades Inc. (
CAS-T) to “underperformer” from “outperformer.”