Did Investors Overreact to this Company's Earnings?

This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Earnings are a great time to take advantage of investor's irrationality. In Motley Fool analyst Taylor Muckerman's mind, MeadWestvaco (WRK) was sold off yesterday a bit aggressively. The company turned in a great quarter of 57% higher profits, although it did fall just shy of estimates. In his mind, the 9% drop must have to do with the companies decision to sell timberland in multiple states in the eastern United States to Plum Creek Timber (PCL.DL). For more on this company and some tailwinds that might exist based on statements from International Paper (IP -1.29%).