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RYAM - Rayonier Advanced Materials Not Attractive Yet
Rayonier Advanced Materials Inc.
Rayonier Advanced Materials (RYAM) has suffered losses in the first half of 2019 mostly due to adverse product price movement. While we expect the company's financial performance to improve in the remainder of the year, RYAM is still likely to post a loss for the full year. For FY20, we expect curtailment in costs and expenses to help the company make a profit.
Sales Likely to Stabilize in FY20
We expect RYAM's sales to stay depressed in the remainder of the year and FY20 because of our product price and demand outlook. The