Our disconnected comparisons for this issue are Aracruz Celulose S.A. (ARA) and Sappi Limited (SPP).

The attached graph indexes these companies’ stock values and the PM40 to their 04 January 2002 values. A USD 100 investment in ARA on that date would have been worth USD 321.64 on 08 June 2007. A USD 100 investment in SPP on 04 January 2002 would have been worth USD 169.64 on 8 June 2007. A USD 100 investment in an equal weight of the PM40 on 04 January 2002 would have been worth USD 150.17 on 08 June 2007.


Click here to view the comparison.



Aracruz Celulose S.A. (ARA) is a NYSE listed company. Their Web site is aracruz.com.br

Sappi Limited (SPP) is a NYSE listed company. Their Web site is sappi.com/SappiWeb