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Tuesday, December 15, 2009

Oops, Wrong Industry

Ok, I guess I need some more coffee. I saw some puzzling action in what i thought was the paper and paper products industry, but that was due to an (incorrect) assumption on my part. IAX, which is in that industry, is being acquired, nothing mysterious there, WY, which for whatever reason I had in the wrong group, is actually in the lumber industry (close, but no cigar). WY this morning announced that they are going to change their status to become a REIT. What the implications for that are not yet know, but it got a nice gap up on the news.

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