Put Domtar on Your Stock Watch List

As the stock market continues to the downside, it creates some great bargains. One such company is Domtar (UFS), a large paper and pulp company with operations in the U.S. and Canada. Domtar manufacturers high-quality paper used in copiers and printers.

Currently, UFS is trading near the bottom of a downside price channel. The stock could bounce to the upside to present a profitable short-term trade. And when the market begins to recover, UFS is likely to move to a sustainable upside.

Buying on the price downside is always risky, so placing Domtar on your watch list of stocks to buy in the future would be a prudent move.

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Posted July 1, 2008.