Clearwater Paper (CLW) Debuts December 16, 2008

It’s official!  Potlatch has announced that its stock spin-off of Clearwater Paper (CLW) will take place in the form of a stock dividend to shareholders on December 16, 2008.

Though there have been opinions expressed that this is not the best time for such action, Potlatch has decided that all the pieces are in place and they are going ahead.

Who knows?  This may be the perfect time.  We’ll just have to dig through the documents filed with the SEC and watch the price and volume action of both stocks now to figure out if and when it may be a good buy.

For me at least, with the market trending down and so many unknowns still haunting us, no matter how good this one looks it is likely to go onto the watch list and stay there for a while.