One would be hard pressed to find a more boring company than International paper (NYSE:IP), a global leader in the industrial packaging industry. For all intents and purposes, the company is a box maker.

The Forest for the Trees

The boring, and thus predictable nature of International Paper is precisely the opportunity on offer given the recessionary backdrop discussed in the following articles:

The shipping industry reports above reflect the recessionary conditions in effect for International Paper. FedEx, in essence, is a box delivery company and is seeing shipping volumes contract in the low double digit percentage range. International paper, as a supplier to FedEx’s shipping customers, is further up the supply chain and seeing similar volume contractions.

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