ABITIBIBOWATER (ABH $13.69, rated Underweight) ABH SHOWS SIGNS OF IMPROVEMENT DESPITE POOR EARNINGS IN THE FIRST QUARTER; COSTLY REFINANCING, MARKET SHRINK AND HIGH COSTS OFFSET SYNERGY AND PRICE HIKES TO A DEGREE June 6, 2008

ABITIBIBOWATER (ABH $13.69, rated Underweight) ABH SHOWS SIGNS OF
IMPROVEMENT DESPITE POOR EARNINGS IN THE FIRST QUARTER; COSTLY
REFINANCING, MARKET SHRINK AND HIGH COSTS OFFSET SYNERGY AND
PRICE HIKES TO A DEGREE June 6, 2008