International Paper is a cash flow story,said CEO John Faraci.We just invested 100 million dollars in a West Virginia factory.The dividend isn't at the expense of other things.We've repositioned all our businesses.We're quite confident in our cash flow even in a tough environment.
We've got positions in paper and packaging in the emerging markets.
I think we'll have an agreement on the budget in at the 11th hour and the 59th minute because everyone knows what the fiscal cliff would mean.The economy is going sideways.We're seeing the US basically flat.
Our business is actually up in Russia and Eastern Europe.
China feels to us like 2-3% growth.Brazil is like the US.I do think China will come back,though,the International Paper CEO John Faraci indicated.
International Paper shares closed up 0.79 at 37.59 in Monday trading.
International Paper(IP)
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