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So a doubling of the share price in the last 20 years and a dividend of "only" ~3% does not look very attractive at first glance.

I have one of their paper mills quite close to me and when the wind is coming from the right direction, the whole town stinks. They are quite "unpopular" here :D
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@Malte123 Paper mill was closed here. Paperless is the trend.
immagine del profilo
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@Malte123 Plattling
400 jobs lost: Paper manufacturer UPM closes its plant in Plattling
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