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The last month has seen pulp and paper mills in the United States struck by outside forces out of their control. Or were they? First, WestRock was reportedly invaded by a ransomware attack. We will not know what the damage was there until the next quarter's earnings are reported. Then, southern mills, especially in Texas but throughout the south, were crippled by a severe winter storm. What are the learnings?

The PM40 closed Thursday, 25 February 2021, at 3867.

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 Ennis, Inc and Amcor.

The PM40 closed 25 February 2021 up 23.8% from the 28 February 2020 level.

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 140 papermaking innovators and legends have been enshrined. This month, we profile the late Theodore Clifford Kennedy, who was inducted into the Hall of Fame in 2008.

The PM40 closed Friday, 12 February 2021, at 4006.

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 Domtar and Kimberly-Clark.

The PM40 closed 12 February 2021 up 30.4% from the 14 February 2020 level.

Reported insider trading since the last issue of PaperMoney.

Suppose an unfriendly force decided, through penetration of computer systems, to shut down the packaging business, from paperboard manufacturing through converting. From the glimpse we saw last week, which seemed to be a one-off incident, it appears possible.

The PM40 closed Friday, 29 January 2021, at 3545.

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 3M and Universal Forest Products.

The PM40 closed 29 January 2021 up 12.6% from the 31 January 2020 level.

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 140 papermaking innovators and legends have been enshrined. This month, we profile Douglas William Reeve, who was inducted into the Hall of Fame in 2008.

The PM40 closed Friday, 15 January 2021, at 3704.

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 Resolute Forest Products and Louisiana Pacific.

The PM40 closed 15 January 2021 up 18.2% from the 17 January 2020 level.

Reported insider trading since the last issue of PaperMoney.

If you were involved in any serious, time constrained performance-based projects in 2020, you may have become familiar with the term "Force Majeure."

The PM40 closed Friday, 1 January 2021, at 3579.

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 Greif and Sonoco.

The PM40 closed 1 January 2021 up 9% from the 3 January 2020 level.

Reported insider trading since the last issue of PaperMoney.