Steven Chercover Quotes (4 Quotes)

The wood industry would certainly welcome boosted demand, especially since the pricing for wood hasn't been that strong despite a good housing market.

The problem is, the paper business is not doing well at all for anyone. The whole world has changed, and the business has moved offshore. South Americans can grow trees faster, and paper use in North America is going down.

Given our view that Longview could put up a fight, and our assessment of valuation as an operating entity (and our net asset value estimate), we would act on the opportunity to sell near the 26 bid.

We would really need for the DOD to quantify the demand to assess whether prices for wood could rise in the market as a result. I don't think the consumer has something to worry about right now.