In this issue of Disconnected Comparisons, we evaluate Hadera Paper (HAIPF) and Mercer International (MERC). A USD 100 investment in HAIPF on 4 January 2002 would have been worth USD 178.1 on 14 February 2020; a USD 100 investment in MERC on 4 January 2002 would have been worth USD 135.94 on 14 February 2020; and a USD 100 investment in the PM40 on 4 January 2002 would have been worth USD 309.2 on 14 February 2020.

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Hadera Paper Ltd. (HAIPF) is an OTC traded company. Their Web site is en.hadera-paper.co.il.

Mercer International Inc. (MERC) is a NASDAQ traded company. Their Web site is mercerint.com/s/home.asp.