Investopedia: Rock 'em Sock 'em Rock-Tenn

There's a saying out there (from Warren Buffett, I believe) that goes something like "whenever a great management team and a lousy industry come together, it's the industry that maintains its reputation." That warning would seem to apply to Rock-Tenn (NYSE:RKT) these days as although the company's stock has done reasonably well, management continues to struggle to deliver on the potential synergies and operational improvements at the former Smurfit-Stone assets.

The crux of the Rock-Tenn argument is pretty simple. If Rock-Tenn can do with Smurfit-Stone's corrugated packaging assets what it did previously with its own paperboard/containerboard assets, this will be a large and profitable company. If Rock-Tenn cannot lift up those Smurfit-Stone assets, then the company will languish from a value-destroying deal that levered the balance sheet and saddled it with lesser assets.

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http://www.investopedia.com/stock-analysis/2013/Rock-Em-Sock-Em-Rock-Tenn-RKT-IP-PKG-GPK0107.aspx