S&P Capital IQ Picks BKI Focus Stock of the Week
Published on Monday, 06 August 2012 11:33 Written by TradersHuddle Staff
NEW YORK, Aug. 6, 2012 /PRNewswire/ -- Buckeye Technologies (NYSE: BKI: $31) has been picked by S&P Capital IQ as its Focus Stock of the Week. BKI carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy. Buckeye Technologies produces specialty fibers that are used in a wide variety of everyday products such as baby wipes, food casings, and automotive filters. BKI is smaller than most of the large paper producers, but it is a major player in its categories and has a strong presence in growing overseas regions.
"We believe BKI is well positioned to capitalize on the growth that we anticipate in the specialty fibers market over the next several years," said Stuart Benway, equity analyst at S&P Capital IQ. "Many of Buckeye's products are used for cleanliness and convenience and are consumer oriented. As the middle-class expands in emerging markets in Asia and Latin America, consumers in those markets are using more products that make their lives easier and more sanitary."
To view a video of Mr. Benway discussing BKI click on the following link.
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