Industry Reports

Deutsche Bank Reports Summaries

070608 Deutsche Bank Report - Dr. Paper's Weekly Wrap Up

Deutsche Bank - Equity Research

GEF raised guidance again.  FYQ2 was hurt by OCC costs & c'bd maintenance.  EPS looks like $0.66 ex specials, DB @ $0.63.  They affirmed SG&A targets.  Stock sold off, DB upgraded to BUY on valuation.

O-I close to plastics sale?  Sources report O-I in talks w/ Rexam on sale of medical pkg bus.  Value est'd at $1.5B . . . or more.  With limited "leakage" from taxes & fees, deleveraging power could prove substantial.   Our favorite pkg stock.

Have the rules changed???  Several speakers @ DB's "Timber Summit" argued that iStar's leveraged financing on $1.1B IP timber acq'n was structural "game changer."  Implications? More leverage & new participants (incl'g prvt equity).  On related front: TIN t'land bids reportedly very strong.