Monday, March 2, 2009

IP down 10% 3/2/09-Ed Warner{6892B955-05BD-4831-B1A2-DB5811324DAB}&siteid=yhoof

See above for full story of press releases from IP.

In addition to cutting their dividend, IP also said it would sell a large chunk of land assets in order help pay down debt and maintain their credit rating.

This news, coupled with an almost 5% drop in the S&P 500 today, contributed to this 10% drop.

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