Buckeye Technologies (NYSE:BKI) — This company is the world�s largest manufacturer of cellulose-based specialty products made from wood and cotton utilizing wetlaid and airlaid technologies.
Several analysts have focused on BKI because of the company�s recent unexpected gains and strong financial report. Q3 earnings came in at 74 cents versus a consensus of 34 cents, and sales rose 19%. In FY 2012, earnings are expected to jump to $2.85 versus $2.23 in 2011, and FY 2013 could increase to $3.20.
The company recently announced the building of new facilities to handle the demand for its products. And S&P raised its price target to $33 from $29. But the break from $30 on high volume yields a technical target of $38.
Buckeye�s products are in high demand, so long-term buyers could achieve a possible double within two years.
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