Forestry

Wood products companies are highly cyclical and can deliver good returns when the economy begins to improve (and housing starts increase, for example). In addition, paper product usage is highly correlated to GDP growth and thus paper companies can prosper from emerging market demand.

Sector Review


	Forest Products: Lumber Outlook - China Changes Everything	2012-03-01
	Jan-2012 Pulp Stats Reveal Improving Market Fundamentals; Upgrading CFX to Strong Buy	2012-02-22
	Pulp & Paper Peak Pulp - The Emerging Softwood Super Cycle	2012-02-13
	Forest Products 4Q11 Earnings Preview - Weak 4Q11 Belies Improving Fundamentals	2012-01-31
	Forestry: Pulp & Paper Cutting NBSK Pulp Price Forecast	2011-12-13
	Pulp & Paper - Oct-11 Pulp Stats Weak; Reiterating Cautious Outlook	2011-11-22
	Forest Products - Stabilizing Lumber Prices and Inexpensive Valuations Backstop Seasonal Lumber Trade	2011-11-21
	Forest Products Seasonal Lumber Trade on Deck; Downgrading Pulp Names on Deteriorating Outlook	2011-10-21
	Pulp & Paper Sep-11 Pulp Stats Better than Expected; Near-term Outlook Still Challenged	2011-10-21
	Building Materials Seasonal Lumber Trade Shaping Up	2011-10-19
	Pulp & Paper- Aug-11 Pulp Stats Indicate Seasonal Softness; DP Outlook Improving	2011-09-23
	Pulp & Paper - Pulp Stats Reveal Higher Inventories & Lower Operating Rates; Firming Expected in Fall	2011-08-24
	Pulp & Paper- Aug-11 Pulp Stats Indicate Seasonal Softness; DP Outlook Improving	2011-08-11
	June Pulp Stats Indicate Further Seasonal Softening; FX Headwinds Add to Risk	2011-07-22
	Forest Products - 2Q11 Preview; Upgrading Lumber Cos on Valuation & China Growth	2011-07-18
	Building Materials- Jun-11 US Housing Starts Rise 15% mth mth, Beat Expectation	2011-07-09
	China Forest Products Markets - Long Term Bullish Trend Intact	2011-07-07
	Forest Products - Remain Cautious on Continued Weak US Housing Start	2011-04-19