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Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile the late Derek H. Page, who was inducted into the Hall of Fame in 2003.

The PM40 closed Friday, 17 March 2023, at 4783.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 17 March 2023 up 0.2% from the 18 March 2022 level.

In this issue of Disconnected Comparisons, we evaluate Greif and PCA.

Reported insider trading since the last issue of PaperMoney.

I talked about ESG (Environmental, Social, Governance) issues last month using the example of the oil industry and the results they have had with various strategies. I wanted to come back to this again this month with another set of considerations.

The PM40 closed Friday, 3 March 2023, at 5382.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 3 March 2023 up 20.7% from the 4 March 2022 level.

In this issue of Disconnected Comparisons, we evaluate Boise Cascade and Mercer International.

Reported insider trading since the last issue of PaperMoney.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile the late Louis-Nicolas Robert, who was inducted into the Hall of Fame in 2012.

The PM40 closed Friday, 17 February 2023, at 5356.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

In this issue of Disconnected Comparisons, we evaluate PCA and Glatfelter.

The PM40 closed 17 February 2023 up 16.4% from the 18 February 2022 level.

Reported insider trading since the last issue of PaperMoney.

In the Wall Street Journal last Wednesday, there was a discussion on the decisions made by big oil. One had to read several stories to put it together, but the exercise was worthwhile and instructive. On the one hand, Chevron and Exxon have been following a strategy of staying the course and have been rewarded with eye-popping profits. On the other, BP has moved towards a mitigating climate change, ESG strategy and not performed so well. Just my luck, the one I owned in my little stock portfolio that my wife allows me to play with is BP. In the pulp and paper industry, senior management has the same sorts of decisions to make and I am not talking about climate change and ESG. What I mean is this--do you follow the crowd or do you chart your own path?

The PM40 closed Friday, 3 February 2023, at 5614.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 3 February 2023 up 24.4% from the 4 February 2022 level.

In this issue of Disconnected Comparisons, we evaluate 3M and Resolute Forest Products.

Reported insider trading since the last issue of PaperMoney.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile the late Tad Bretting, who was president and CEO of C.G. Bretting Manufacturing Company in Ashland, Wisconsin, who was inducted into the Hall of Fame in 1999.

The PM40 closed Friday, 13 January 2023, at 5373.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 13 January 2023 up 12.1% from the 14 January 2022 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Nine Dragons.

Reported insider trading since the last issue of PaperMoney.