Business Services Industry
Restructure brightens PaperlinX outlook.
Australasian Business Intelligence, September, 2006
Byline: Tracy Lee
Sep 25, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Australian paper merchandising group, PaperlinX, appears to be on the road to recovery. Brokers including ABN Amro, Morgan Stanley and Merrill Lynch have a buy rating on the stock, provided that there is no sudden deterioration in factors outside the company's control. PaperlinX's share price has lost close to one third of its value over the past two years. Fine paper prices, however, are rising in Europe. This, together with a reduction in capacity and an extensive restructure, have improved the company's earnings outlook. The stock closed $A0.09 up at $A3.60 on 25 September 2006.
Publication Date: 26 September 2006
PAPERLINX LIMITED - ASX PPX
ABN...
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