Domtar (TSX/NY UFS) added Mar 31, 2010
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We have three business segments: Papers, Paper Merchants and Wood. We had revenues of $5.5 billion in 2009, of which approximately 81% was from the Papers segment, approximately 16% was from the Paper Merchants segment and approximately 3% was from the Wood segment.
Papers
We are the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity. We have 10 pulp and paper mills in operation (eight in the United States and two in Canada) with an annual paper production capacity of approximately 3.9 million tons of uncoated freesheet paper, after giving effect to the conversion of our Plymouth facility to 100% fluff pulp production in 2010. In addition, we have an annual production capacity of 238,000 tons of coated groundwood at our Columbus paper mill. Approximately 81% of our paper production capacity is domestic and the remaining 19% is located in Canada. Our paper manufacturing operations are supported by 15 converting and distribution operations, including a network of 12 plants located offsite of our paper making operations. Also, we have forms manufacturing operations at three of the offsite converting and distribution operations and two stand-alone forms manufacturing operations.
In addition, we manufacture and sell pulp in excess of our internal requirements, and we purchase papergrade pulp from third parties allowing us to optimize the logistics of our pulp capacity while reducing transportation costs. We have the capacity to sell approximately 1.9 million metric tonnes of pulp per year depending on market conditions, after giving effect to the conversion of our Plymouth facility to 100% fluff pulp production in 2010. Approximately 51% of our trade pulp production capacity is domestic, and the remaining 49% is located in Canada. We produce market pulp at our three non-integrated pulp mills in Kamloops, Woodland and Dryden, as well as at our pulp and paper mills in Espanola, Ashdown, Hawesville, and Windsor. We also produce pulp at our Plymouth mill.
Paper Merchants
Our Paper Merchants business involves the purchasing, warehousing, sale and distribution of our products and those of other manufacturers. Products include business, printing and publishing papers and certain industrial products. These products are sold to a wide and diverse customer base, which includes small, medium and large commercial printers, publishers, quick copy firms, catalog and retail companies and institutional entities.
Our Paper Merchants operate in the United States and Canada under a single banner and umbrella name, the Domtar Distribution Group. Ris Paper, part of the Domtar Distribution Group, operates throughout the Northeast, Mid-Atlantic and Midwest areas from 20 locations in the United States, including 16 distribution centers serving customers across North America. The Canadian business operates as Buntin Reid in three locations in Ontario; JBR/La Maison du Papier in two locations in Quebec; and The Paper House from two locations in Atlantic Canada.
Wood
Our Wood business comprises the manufacturing, marketing and distribution of lumber and wood-based value-added products, and the management of forest resources. We operate seven sawmills with a production capacity of approximately 890 million board feet of lumber and one remanufacturing facility. We also have investments in two companies. We seek to optimize the 31 million acres of forestland we directly license or own in Canada and the United States through efficient management and the application of certified sustainable forest management practices to help ensure that a continuous supply of wood is available for future needs.
RECENT NEWS: Domtar Q4 profit rises on higher pulp shipments
Domtar Corporation Reports Preliminary Third Quarter 2010 Financial Results
Domtar Corporation reports preliminary second quarter 2010 financial results
Domtar Corporation reports preliminary first quarter 2010 financial results
Domtar corporation to sell its forest products business
Domtar Corporation reports preliminary fourth quarter and fiscal year 2009 financial results
Benoit Laprade .......Scotia Capital …Feb 22, 2011
Maintained SECTOR PERFORM
Target raised to $98.50 from $96.50US
UFS Price day before: $91.02 Finish day of posting:$86.19Current:$86.19C
UFS Price day before: $89.72 Finish day of posting:$85.40Current:$85.40C
-----Feb 07, 2011-------
Maintained SECTOR PERFORM
Target reduced to $96.50 from $97.00US
UFS Price day before: $87.85 Finish day of posting:$90.45Current:$86.19C
UFS Price day before: $86.96 Finish day of posting:$89.52Current:$85.40C
------Dec 16, 2010-----
Maintained SECTOR PERFORM
Target raised to $97.00 from $93.00US
UFS Price day before: $77.65 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $77.95 Finish day of posting:$76.93Current:$85.40C
-------Nov 01, 2010-----
Maintained SECTOR PERFORM
Target raised to $93.00 from $83.00US
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
-------Oct 07, 2010---
Maintained SECTOR PERFORM
Target raised to $83.00 from $81.00US
UFS Price day before: $68.05 Finish day of posting:$67.07Current:$86.19C
UFS Price day before: $68.71 Finish day of posting:$68.23Current:$85.40C
-----Sept 08, 2010---
Maintained SECTOR PERFORM
Target raised to $81.00 from $76.50US
UFS Price day before: $64.11 Finish day of posting:$64.46Current:$86.19C
UFS Price day before: $67.29 Finish day of posting:$66.90Current:$85.40C
------Aug 03, 2010------
Target reduced to $76.50 from $76.75US
UFS Price day before: $63.32 Finish day of posting:$61.36Current:$86.19C
UFS Price day before: $60.24 Finish day of posting:$62.50Current:$85.40C
---------May 03, 2010-------
Maintained SECTOR PERFORM
Target raised to $76.75 from $75.00US
UFS Price day before: $70.84 Finish day of posting:$75.41Current:$86.19C
UFS Price day before: $71.99 Finish day of posting:$76.10Current:$85.40C
-------Apr 16, 2010------
Downgraded to SECTOR PERFORM from OUTPERFORM
Target raised to $75.00 from $68.75US
UFS Price day before: $77.53 Finish day of posting:$74.31Current:$86.19C
UFS Price day before: $77.72 Finish day of posting:$75.41Current:$85.40C
-------Mar 30, 2010-------
Maintained OUTPERFORM
Target raised to $68.75 from $67.00US (Target Hit Apr 07, 2010)
UFS Price day before: $64.86 Finish day of posting:$65.24Current:$86.19C
UFS Price day before: $66.14 Finish day of posting:$66.45Current:$85.40C
--------Mar 11, 2010-------
Maintained OUTPERFORM
Target raised to $67.00 from $64.00US (Target Hit Mar 16, 2010)
UFS Price day before: $60.80 Finish day of posting:$63.08Current:$86.19C
UFS Price day before: $62.29 Finish day of posting:$64.64Current:$85.40C
-------Feb 05, 2010--------
Upgraded to OUTPERFORM from SECTOR PERFORM
Target raised to $61.75 from $60.00US (Target Hit Mar 11, 2010)
UFS Price day before: $50.00 Finish day of posting:$50.19Current:$86.19C
UFS Price day before: $53.58 Finish day of posting:$53.79Current:$85.40C
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Paul Quinn .......RBC Capital Markets …Feb 07, 2011
Maintained TOP PICK
Target raised to $115.00 from $105.00US
UFS Price day before: $87.85 Finish day of posting:$90.45Current:$86.19C
UFS Price day before: $86.96 Finish day of posting:$89.52Current:$85.40C
-----Oct 05, 2010-----
Target raised to $105.00 from $90.00US
UFS Price day before: $67.66 Finish day of posting:$68.67Current:$86.19C
UFS Price day before: $65.23 Finish day of posting:$68.50Current:$85.40C
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Sean Steuart ....... TD Newcrest…Feb 07, 2011
Maintained BUY
Target raised to $110.00 from $100.00C
UFS Price day before: $87.85 Finish day of posting:$90.45Current:$86.19C
UFS Price day before: $86.96 Finish day of posting:$89.52Current:$85.40C
--------Nov 01, 2010------
Target raised to $95.00 from $90.00C
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
--------July 20, 2010-----
Maintained BUY
Target reduced to $80.00 from $85.00C (Target Hit Oct 29, 2010)
UFS Price day before: $48.14 Finish day of posting:$50.18Current:$86.19C
UFS Price day before: $50.67 Finish day of posting:$52.43Current:$85.40C
---------May 03, 2010-------
Maintained BUY
Target $90.00C
UFS Price day before: $70.84 Finish day of posting:$75.41Current:$86.19C
UFS Price day before: $71.99 Finish day of posting:$76.10Current:$85.40C
------Mar 30, 2010------
Maintained BUY
Target $80.00C
UFS Price day before: $64.86 Finish day of posting:$65.24Current:$86.19C
UFS Price day before: $66.14 Finish day of posting:$66.45Current:$85.40C
---------Mar 22, 2010--------
Upgraded to BUY from HOLD
Target raised to $80.00 from $65.00C
UFS Price day before: $65.27 Finish day of posting:$65.99Current:$86.19C
UFS Price day before: $66.34 Finish day of posting:$67.27Current:$85.40C
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Richard Kelertas...... Dundee Securities…Feb 07, 2011
Maintained NEUTRAL
Target raised to $91.50 from $87.00C
UFS Price day before: $87.85 Finish day of posting:$90.45Current:$86.19C
UFS Price day before: $86.96 Finish day of posting:$89.52Current:$85.40C
---------Oct 28, 2010------
Maintained NEUTRAL
Target raised to $87.00 from $65.00C (Target Hit Jan 27, 2011)
UFS Price day before: $75.59 Finish day of posting:$74.46Current:$86.19C
UFS Price day before: $77.81 Finish day of posting:$76.00Current:$85.40C
------Aug 03, 2010--------
Maintained NEUTRAL
Target raised to $65.00 from $60.00C
UFS Price day before: $63.32 Finish day of posting:$61.36Current:$86.19C
UFS Price day before: $60.24 Finish day of posting:$62.50Current:$85.40C
-----May 10, 2010-----
Upgraded to NEUTRAL from SELL
UFS Price day before: $60.94 Finish day of posting:$66.81Current:$86.19C
UFS Price day before: $68.82 Finish day of posting:$68.50Current:$85.40C
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Anthony Pettinari .......Citigroup …Feb 04, 2011
Maintained HOLD
Target raised to $90.00 from $87.00US (Target Hit)
UFS Price day before: $88.95 Finish day of posting:$87.85Current:$86.19C
UFS Price day before: $88.21 Finish day of posting:$86.96Current:$85.40C
-------Dec 17, 2010-------
New HOLD
Target $87.00US (Target Hit Jan 26, 2011)
UFS Price day before: $76.50 Finish day of posting:$76.16Current:$86.19C
UFS Price day before: $76.93 Finish day of posting:$77.20Current:$85.40C
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Stephen Atkinson......BMO Capital Markets …Nov 01, 2010
Downgraded to MARKET PERFORM from OUTPERFORM
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
-------Sept 07, 2010-----
Maintained OUTPERFORM
Target reduced to $85.00 from $100.00US
UFS Price day before: $64.96 Finish day of posting:$64.11Current:$86.19C
UFS Price day before: $67.49 Finish day of posting:$67.29Current:$85.40C
------June 15, 2010-----
Maintained OUTPERFORM
Target reduced to $110.00 from $120.00US
UFS Price day before: $57.64 Finish day of posting:$60.79Current:$86.19C
UFS Price day before: $59.59 Finish day of posting:$62.30Current:$85.40C
------Apr 13, 2010-------
Maintained OUTPERFORM
Target raised to $120.00 from $100.00US
UFS Price day before: $73.57 Finish day of posting:$73.66Current:$86.19C
UFS Price day before: $73.71 Finish day of posting:$73.76Current:$85.40C
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Daryl Swetlishoff....... Raymond James…Nov 01, 2010
Maintained STRONG BUY
Target raised to $115.00 from $95.00US
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
------Aug 03, 2010--
Maintained STRONG BUY
Target raised to $95.00 from $85.00US
UFS Price day before: $63.32 Finish day of posting:$61.36Current:$86.19C
UFS Price day before: $60.24 Finish day of posting:$62.50Current:$85.40C
--------July 20, 2010-------
Maintained STRONG BUY
Target reduced to $85.00 from $100.00US
UFS Price day before: $48.14 Finish day of posting:$50.18Current:$86.19C
UFS Price day before: $50.67 Finish day of posting:$52.43Current:$85.40C
------May 03, 2010-----
Maintained STRONG BUY
Target raised to $100.00 from $90.00US
UFS Price day before: $70.84 Finish day of posting:$75.41Current:$86.19C
UFS Price day before: $71.99 Finish day of posting:$76.10Current:$85.40C
-------Apr 08, 2010-----
Maintained STRONG BUY
Target raised to $90.00 from $80.00US
UFS Price day before: $70.45 Finish day of posting:$69.80Current:$86.19C
UFS Price day before: $66.14 Finish day of posting:$66.45Current:$85.40C
---------Mar 30, 2010---------
Upgraded to STRONG BUY from OUTPERFORM
UFS Price day before: $64.86 Finish day of posting:$65.24Current:$86.19C
UFS Price day before: $66.14 Finish day of posting:$66.45Current:$85.40C
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Chip Dillon .......Credit Suisse …Nov 01, 2010
Maintained OUTPERFORM
Target raised to $125.00 from $120.00US
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
--------June 23, 2010------
Maintained OUTPERFORM
Target raised to $125.00 from $105.00US
UFS Price day before: $54.36 Finish day of posting:$55.46Current:$86.19C
UFS Price day before: $55.90 Finish day of posting:$57.59Current:$85.40C
------Feb 04, 2010-------
Maintained OUTPERFORM
Target raised to $82.00 from $80.00US
UFS Price day before: $53.35 Finish day of posting:$50.00Current:$86.19C
UFS Price day before: $56.65 Finish day of posting:$53.58Current:$85.40C
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Jonathan Lethbridge...... CIBC World Markets…Nov 01, 2010
Target raised to $105.00 from $100.00US
UFS Price day before: $79.38 Finish day of posting:$76.50Current:$86.19C
UFS Price day before: $80.88 Finish day of posting:$77.78Current:$85.40C
------Oct 22, 2010------
Target raised to $100.00 from $95.00US
UFS Price day before: $73.98 Finish day of posting:$74.31Current:$86.19C
UFS Price day before: $75.92 Finish day of posting:$76.25Current:$85.40C
--------May 03, 2010------
Target raised to $95.00 from $90.00US
UFS Price day before: $70.84 Finish day of posting:$75.41Current:$86.19C
UFS Price day before: $71.99 Finish day of posting:$76.10Current:$85.40C
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Mike Richmond..... Salman Partners…Aug 03, 2010
Target reduced to $80.00 from $87.50C
UFS Price day before: $63.32 Finish day of posting:$61.36Current:$86.19C
UFS Price day before: $60.24 Finish day of posting:$62.50Current:$85.40C
-------Apr 13, 2010---
Target raised to $87.50 from $71.75C
UFS Price day before: $73.57 Finish day of posting:$73.66Current:$86.19C
UFS Price day before: $73.71 Finish day of posting:$73.76Current:$85.40C
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Richard Skidmore......Goldman Sachs …July 20, 2010
Maintained BUY
Target reduced to $65.00 from $85.00US
UFS Price day before: $48.14 Finish day of posting:$50.18Current:$86.19C
UFS Price day before: $50.67 Finish day of posting:$52.43Current:$85.40C
------June 23, 2010-----
Maintained BUY Removed from "Conviction List"
UFS Price day before: $54.36 Finish day of posting:$55.46Current:$86.19C
UFS Price day before: $55.90 Finish day of posting:$57.59Current:$85.40C
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Pierre Lacroix ....... Desjardins Securities…May 03, 2010
Upgraded to BUY from HOLD
UFS Price day before: $70.84 Finish day of posting:$75.41Current:$86.19C
UFS Price day before: $71.99 Finish day of posting:$76.10Current:$85.40C
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Domtar
Short Positions TSX
Date Outstanding Price Range
Feb 01 to 15, 2011 364,144 $92.71 to $82.51
Jan 16 to 31, 2011 270,962 $88.55 to $77.00
Jan 01 to 15, 2011 256,609 $81.06 to $75.43
Dec 16 to 31, 2010 254,326 $80.17 to $75.25
Dec 01 to 15, 2010 254,301 $86.28 to $77.95
Nov 16 to 30, 2010 241,504 $82.08 to $76.38
Nov 01 to 15, 2010 280,305 $84.14 to $77.07
Oct 16 to 29, 2010 278,735 $81.66 to $69.75
Oct 01 to 15, 2010 275,241 $70.60 to $64.36
Sept 16 to 30, 2010 260,799 $67.84 to $62.32
Sept 01 to 15, 2010 219,120 $69.50 to $64.00
Aug 16 to 31, 2010 254,640 $66.33 to $59.49
Aug 01 to 15, 2010 265,370 $66.07 to $61.50
July 16 to 30, 2010 269,554 $60.62 to $49.11
July 01 to 15, 2010 254,255 $53.38 to $48.85
June 16 to 30, 2010 330,556 $62.30 to $50.75
June 01 to 15, 2010 297,354 $65.27 to $55.23
May 16 to 31, 2010 278,256 $69.55 to $58.44