weak hands heading for the exit....It seems the disappointing headline was all they read as the majority challenges were one offs including weather - related, and most importantly ...
"The company reported an operating loss of $101 million in the quarter, compared to operating income of $102 million in the third quarter. The variance largely reflects the company's decision to indefinitely idle its pulp and paper operations at the Calhoun (Tennessee) mill, pursuant to which it recorded non-cash charges of $158 million, including impairment charges on fixed assets, inventory write-down and other asset write-offs, as well as $13 million in accruals for cash closure costs."
Given the rebound in lumber (their largest segment) pricing and housing build forecasts, today was a good day to buy IMO.