Emilia Santos

Emilia Santos brings forestry expertise to timber and paper products analysis from her background as a forest engineer in Brazil before transitioning to investment research. After studying Forest Engineering at University of São Paulo and working for International Paper managing eucalyptus plantations, Emilia pursued her MBA from Duke's Fuqua School of Business. Her field experience gives her understanding of silviculture, sustainable forestry practices, and the long investment cycles characterizing timber. Emilia excels at analyzing lumber markets, wood products manufacturers, paper and packaging companies, and timberland investment. She understands housing market linkages that drive lumber demand, containerboard market dynamics tied to e-commerce, and how timber prices reflect both current demand and long-term supply expectations. Emilia was early to recognize that timber REITs offered attractive risk-adjusted returns and correctly predicted how e-commerce growth would drive packaging demand. Her coverage spans integrated forest products companies, paper and packaging manufacturers, building products companies, and timberland owners. She also tracks sustainability certifications and carbon sequestration's potential value. Based in Atlanta near major paper industry presence, Emilia brings global perspective to analyzing forest products—a sector with significant exposure to housing, e-commerce, and commodity cycles.