Our disconnected comparisons for this issue are P.H. Glatfelter Company (GLT) and Votorantim Celulose e Papel S.A. (VCP).

The attached graph indexes these companies’ stock values and the PM40 to their 04 January 2002 values. A USD 100 investment in GLT on that date would have been worth USD 97.90 on 06 October 2007. A USD 100 investment in VCP on 04 January 2002 would have been worth USD 333.88 on 06 October 2007. A USD 100 investment in an equal weight of the PM40 on 04 January 2002 would have been worth USD 150.97 on 06 October 2007.


Click here to view the comparison.


P.H. Glatfelter Company (GLT) is a NYSE listed company. Their Web site is glatfelter.com

Votorantim Celulose e Papel S.A. (VCP) is a NYSE listed company. Their Web site is vcp.com.br/