Wednesday, April 09, 2008

Quick Update

Added to the Glatfelter (GLT) position at 14.34, increasing the size of the position by a third.

The company announces its earnings in a few weeks on April 29, and I'm hopeful that the company will continue on its current earnings accretion track with respect to the Chillicothe and Lydney acquisitions. I suspect that shares fell a bit today (along with the entire market) due to the sharp rise in oil prices. Higher energy costs will surely affect the company, but at least the company does have some pricing power for its products.

I believe that the stock, yielding 2.5% at current prices, is worth a look.

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