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Buckeye Could Keep Rolling Along

By Jonathan Moreland

About this article:
It's been a great ride on the Buckeye express. Shares of microcap Buckeye Technologies more than doubled in April. Insiders had signaled optimism in March, in time to get me own board before the shares took off. But the fast and furious move in Buckeye's stock also prompted me to lower my rating on it to a hold in my InsiderInsights newsletter in early May, while also selling half of the appreciated positions in the accounts I manage. So I still have what amounts to a full position in this stock, exposed to the vagaries of this market. That's because -- barring another big selloff of equities in general -- I believe the risk/reward in these shares remains attractive. Buckeye Technologies makes specialty fibers and nonwoven materials used in products such as disposable diapers, wipes, food pads, screens for LCD televisions, sausage casings, automotive filters and other specialty...

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