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Management Side
Disconnected Comparisons
In this issue of Disconnected Comparisons, we evaluate UPM-Kymmene Corporation (UPMKY) and Boise Inc. (BZ). A USD 100 investment in UPMKY on 04 January 2002 would have been worth USD 62.73 on 15 June 2012; a USD 100 investment in BZ on 25 June 2007, when trading first began, would have been worth USD 73.22 on 15 June 2012; and a USD 100 investment in the PM40 on 04 January 2002 would have been worth USD 183.97 on 15 June 2012.

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UPM-Kymmene Corporation (UPMKY) is an OTC traded ADR. Their Web site is upm.com.

Boise Inc. (BZ) is a NYSE traded company. Their Web site is boiseinc.com.

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