DALLAS, May 25, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Smurfit-Stone Container Corp. (OTCQB:SSCCQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/SSCCQ
Smurfit-Stone Container Corp. (SSCCQ) is an integrated manufacturer of paperboard and paper-based packaging in North America, including containerboard and corrugated containers, and is also a paper recycler. Smurfit-Stone is a holding company with no business operations of its own. Smurfit-Stone conducts its business operations through its wholly owned subsidiary, Smurfit-Stone Container Enterprises Inc. (SSCE). In December 2009, the Company filed a Chapter 11 plan and disclosure statement in a Delaware bankruptcy court. The Company's operations include 12 paper mills (10 located in the United States and two in Canada), 110 container plants (90 located in the United States, 14 in Canada, three in Mexico, two in China and one in Puerto Rico), 29 reclamation plants located in the United States and one lamination plant located in Canada. Smurfit-Stone's primary products include containerboard, corrugated containers, market pulp, kraft paper, and reclaimed and brokered fiber. SSCCQ is in bankruptcy. Investors should be cautious when buying common stock of companies in bankruptcy. It is extremely risky and is likely to lead to financial loss.
Message Board Search for SSCCQ: http://www.boardcentral.com/boards/SSCCQ
In the report, the analyst notes:
"On January 26, 2009, SSCCQ and its U.S. and Canadian subsidiaries (collectively, the Debtors) filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Wilmington, Delaware (the U.S. Court).
"SSCCQ recently announced that it has reached a resolution with Mariner Investment Group LLC and Senator Investment Group LP, each an investment advisor to funds under management, as holders of the Company's preferred stock, and funds and accounts managed by P. Schoenfeld Asset Management LP and Fir Tree Inc., as holders of the Company's common stock, who were prosecuting objections to the Company's Chapter 11 Plan of Reorganization (collectively, the "Holders")."
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