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VRS - Neenah Paper Is A True Cash Cow
March, 26 2021 12:40 PM
Verso Corporation
Neenah Paper's sales declined in 2019 and 2020. Despite this, the company maintained the dividend with a cash payout ratio below 50%. The buyback program was renewed and the company announced a major acquisition during March 2021. This acquisition is poised to reverse the declining net sales trend as Itasa (the acquired company) has been fast-growing for years. This represents a good opportunity to buy NP before the turnaround consolidates as shares are trading at -43.84%. For further details see:
Neenah Paper Is A True Cash Cow
Stock Information
Company Name:
Verso Corporation
Stock Symbol:
VRS
Market:
NYSE
Website:
versoco.com
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