J.P. Morgan Comments On Boise Management Meeting

According to J.P. Morgan, Boise (NYSE: BZ) held management meetings.

J.P. Morgan said that it recently met with management in the Northeast/Mid-Atlantic; and, from its perspective, uncertainty seems to be the name of the game right now, with capital allocation and the OMX contract currently the biggest question marks. “We believe that resolution on capital allocation, via a clearly articulated strategy (a la UFS) would go a long way toward making the stock work again. On this front, between the JPM Diversified Industries conference and these meetings, we come away more optimistic that investor sentiment is understood by management.”

Boise closed yesterday at $7.11.