The company wrong-headedly opened new branches following its acquisition, instead of focusing on its profitability, according to Honor Westnedge, retail analyst at Verdict Research.

BBC: Republic chain enters administration

The investment research firm said IP is working toward transforming and improving the profitability of its distribution business, Xpedx.

FORBES: Despite Its Steady, If Unexpected Climb, Stock Of Global Paper And Packaging Products Maker Remains Cheap

"Falling home prices, rising food and energy costs, which will inevitably lead to slower consumer spending, are reducing expectations for corporate profitability, pushing up defaults and widening out spreads, " Hintz wrote in a research note Tuesday.

FORBES: Merrill's Garage Sale

Longbow Research analyst Dmitry Silversteyn says that though volumes are down from prerecession levels, PPG's profitability is stabilizing.

FORBES: Magazine Article