The numbers on better-than-expected earnings also make mid-caps look good.
Although it reported only slightly better-than-expected earnings on Monday, there is some optimism that the company's performance will improve later this year.
It reported better-than-expected earnings for the fourth quarter on Tuesday.
The price rise could also mean better-than-expected earnings for other paper manufacturers.
The company reassured investors at the end of last week by posting better-than-expected earnings, and its stock rose a bit.
Those concerns are beginning to dissipate, he said, and the company posted better-than-expected earnings over the summer.
After the market closed, both companies reported better-than-expected earnings.
Federated reported better-than-expected earnings yesterday for the last quarter of 2003.
What makes the debate timely are the better-than-expected third-quarter earnings released last week.
They rose 6, to 54 1/2, on better-than-expected earnings the company reported for the first four months.