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Fri, January 2, 2009
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Schaeffer's Street Stories: Optimism Remains Strong on Tumbling Weyerhaeuser Co.
CINCINNATI--([ BUSINESS WIRE ])--The Street is smitten with Weyerhaeuser Co. (NYSE: WY), despite its weak technical performance. Sure, the stock added 1.5% today after it announced that it would stop actively searching for a buyer for its Westwood Shipping Line business, but this hardly seems enough to keep investors enamored with the shares. The company cited tight financial markets and weaker shipping markets as the reason. It also noted that service will be uninterrupted.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/optimism+remains+strong+on+tumbling+weyerhaeuser+co+/observations.aspx?click=home&ID=90149 ]
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