International Paper Co (IP)

[OldAIMGuy]

Thanks for the Post,
Value Line gives IP a 3-5 year potential price target range of $90 to $135. They show the P/E to be 9.9 and on the low side for VL's median value. Dividend based upon today's price is around 4% and nobody's getting that in their money market fund right now.

Currently its book value per share is around 2 - not high or low. Value Line's "Timeliness" rank is #1, highest (for what that's worth). "Safety" ranking is average at #3. It carries a big load of debt, but I wasn't able to discern whether it is reasonable for this stock.

The price/share is approaching my next buy target at today's level. My initial purchase was in August, 2017 at just under $53. I sold 10% of the position at just over $62 and then reused that cash in March when the price dipped to under $51. While I'm enjoying the dividends overall the stock has underperformed for me. As long as the fundamentals are reasonably good I'll add shares in this decline. The dividend is eventually going to start supporting the price/share.

Another 2-3% discount and I'll add to the holding again.