04-16-2020, 12:04 PM
(04-16-2020, 11:43 AM)MikeWa Wrote:(04-16-2020, 11:34 AM)fenders53 Wrote: Anyone else like IP? (International Paper) Boring BIZ but the Div is almost as good as MO or T and the payout ratio around 50%. I like it down here. Or is cardboard packaging going away and I just don't realize it? I think I am going to add some more IP.
I do, especially yield at this price level. I keep adding and don't think their business is going away.
Stupid question here, but thought I'd ask:
So, on March 25th IP entered a 3640day revolving credit agreement worth $750 million (to boost its liquidity)... What does this mean for the company... Is it taking in more debt against its Assets (inorder to have more liquid cash for managing its day-to-day operations/investments) ?
What does this say about the management's faith in withstanding the current event ?
In short, is this a good move ?