Tuesday, April 04, 2006

Domtar blossoms

Although today was a bit of a downer, several forestry stocks are pulling out of their winter blues. Most fetching is Tembec (TSX:TBC) and Domtar (TSX:DTC). Both stocks are currently rallying out of long-term bearish trends and have been highlighted as Stock Trends Weak Bearish stocks for several weeks. Domtar outperformed the S&P/TSX Composite by 11% in the first quarter, but much of the gains have come in the last month. Today's weakness may be a good opportunity to pick up DTC, as the stock fell with the market.

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