Wednesday, March 25, 2009

IP down +10% on 3/25

I believe today's sell-off of IP reflected investor discontent with IP's CEO John Faraci's 2008 compensation, which although down 4%, topped $10mm. I do not think he should have earned that much as well, seeing as IP was down 64% in 08 against an S&P 500 down 39% in 08. The late rally helped a little bit, bringing losses to 10% on the day from 15-16% as it was during the day. We'll see what happens going forward...I still like the stock

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