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 (NYSE: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 (NYSE:PCL). For more on this company and some tailwinds that might exist based on statements from International Paper (NYSE:IP).
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.