Forestweb introduces real-time stock index of U.S. forest products-related companies; iiStock Index offered for free to public
January 13, 2009
– The Forestweb U.S. Forest Products stock index is a comprehensive index containing the stocks of all publicly held forest products-related companies headquartered in the United States that trade on the New York Stock Exchange.
Forestweb, the leading independent provider of intelligence for the forest products industry, today launched its new iiStock Index of U. S. Forest Products, a real-time index that tracks the financial pulse of the 27 largest stocks in the forest products market sector.
The trading data for Forestweb’s indices is on a continual feed and updated every 10 minutes to reflect the price movement of significant sector participants, including established leaders as well as those poised for future leadership. The Forestweb iiStock Index is free and available to the public.
The Forestweb U.S. Forest Products stock index is a comprehensive index containing the stocks of all publicly held forest products-related companies headquartered in the United States that trade on the New York Stock Exchange. Such companies include forestry, packaging and paper. The index is calculated using a market capitalization approach similar to the S&P 500.
The five biggest companies in the Forestweb Stock Index by annual revenue, based on third quarter earnings 2008, are: International Paper ($6.8B), Kimberly-Clark ($5.0B), Weyerhaeuser ($2.6B), Smurfit-Stone ($1.9B) and MeadWestvaco ($1.8B).
“This Stock Index provides yet another value differentiator for our clients,” said Rami Ghandour, founder and CEO of Forestweb, and sister company Industry Intelligence, Inc. “Given current economic times, it’s pertinent that businesses keep a handle on the financial performance on the forest products industry.”
“By combining this stock intelligence with integrated news and economic data available to them as users of our iiHub service, our clients receive the most comprehensive view of the sector’s performance,” adds Ghandour.
Forestweb’s iiHub is an enterprise-wide, Web-based platform that gives each user access to real-time, specific business requirements – earnings announcements, stock performance, and related competitive analysis – efficiently.
Forestweb’s iiStock Index can be emailed each day at the close of the market by registering online at the company's Web site.
Forestweb (forestweb.com) offers clients a Web-based suite of information management solutions and delivers an industry information timeline that covers historical data and information, present data as well as competitive analysis intelligence. All this information is interconnected to give the user the meaning behind the news: who, what, when, where and why.
Clients of Forestweb cover every sector of the forest products industry—timberlands, forestry, wood products, pulp, paper, packaging, recovered paper, lumber, OSB, wood and paper end-user markets.
Forestweb is a sister company of Industry Intelligence Inc., an information + technology company with expertise in such vertical industries as builders and developers, plastics and agribusiness.