In this issue of Disconnected Comparisons, we evaluate Clearwater Paper (CLW) and UPM Kymmene (UPMMY). A USD 100 investment in CLW on 4 January 2002 would have been worth USD 165.57 on 2 July 2026; a USD 100 investment in UPMMY on 4 January 2002 would have been worth USD 70.18 on 2 July 2026; and a USD 100 investment in the PM40 on 4 January 2002 would have been worth USD 521.97 on 2 July 2026.

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Clearwater Paper Corp (CLW) is a NYSE traded company. Their Web site is clearwaterpaper.com .

UPM-Kymmene Corporation (UPMMY) is a OTC traded ADR. Their Web site is upm.com.