Morningstar Rating

Stock Research and Analysis

by Todd Wenning, CFA

Bulls Say

The proposed merger with Rock-Tenn will help to lower production costs and possibly establish a narrow economic moat at the new company.
With the specialty chemicals business set to be spun off, MeadWestvaco's management can now fully focus on improving its packaging operations.
Unlike many of its competitors who are burdened by yawning pension deficits, MeadWestvaco carries a pension asset. Read more 

Bears Say

Most of MeadWestvaco's products are commoditized and compete primarily on price.
MWV's stock performance has underperformed its packaging peers over the last decade and has struggled to consistently generate returns above its cost of capital.
MeadWestvaco didn't sell the most actively managed portion of its real estate holdings, which will remain a distraction from the core packaging business. Read more 

Management

We assign MeadWestvaco a Standard stewardship rating. John A. Luke Jr., has been chairman and CEO of MeadWestvaco since the merged company's formation in 2002, and was the chairman and CEO of Westvaco from 1996 to 2002. He began his career with Westvaco   Read more 

Profile

By the end of 2015, following a number of spin-offs and asset sales in recent years, MeadWestvaco will generate all of its revenue from its packaging operations. The company   Read more 

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