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:
- “Shipping and recession: To be or not to be?”
- “2023 economic outlook”
- “FedEx and the recession”
- “The recession is here, filter the noise”
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.
Continue reading this report with a stoxdox membership.