Temple Inland (TIN) NewsBite - Analyst's Comments Pull Down TIN

Temple Inland (NYSE: TIN) opened at $5.59. So far today, the stock has hit a low of $4.95 and a high of $5.65. TIN is now trading at $5.15, down $0.60 (-10.37%). Over the last 52 weeks the stock has ranged from a low of $2.34 to a high of $20.49. Shares of TIN are falling with other containerboard makers today after an analyst at JP Morgan cut his EPS estimates for the company along with competitors International Paper (IP), Packaging Corp (PKG), and Rock-Tenn (RKT). The analyst added in a note "pressures on the containerboard market have intensified to such a point that producers will be unable to adjust production quickly enough to prevent a significant decline in prices in 2Q09." This could be a bad sign for TIN. Technical indicators for the stock are bearish and S&P gives TIN a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on TIN the stock seems like it could be a candidate for an August out-of-the-money bear-call credit spread above the 7.50 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Related terms: eps, market, note, nyse, packaging, prices, S&P