Why is Peter R. Kellogg buying more Mercer International shares?

The exact reason for Peter R. Kellogg's decision to buy more Mercer International shares is not disclosed in the provided information. However, we can infer several possible reasons based on typical investment strategies:

1. **Confidence in Mercer's Future Performance**: Kellogg might believe that Mercer International is undervalued by the market and has strong growth prospects. By increasing his shareholding, he is expressing confidence in the company's future performance and potential for increased stock price.
2. **Strategic Investment**: Kellogg could be making a strategic investment based on his understanding of Mercer's business model, market position, and growth opportunities. He might see long-term value in Mercer's operations and assets.
3. **Portfolio Diversification**: The purchase could be part of a broader strategy to diversify his investment portfolio. By adding more shares in Mercer International, Kellogg might be balancing his risk exposure across different sectors or industries.
4. **Financial Goals**: Kellogg's action could be aligned with his personal financial goals. For instance, he might be looking to increase his passive income through dividend payments or plan for a specific financial target in the future.
5. **Market Dynamics**: The decision to buy more shares could also be influenced by market dynamics, such as a dip in stock price due to temporary market fluctuations or negative news. Kellogg might view such dips as opportunities to acquire more shares at a lower cost.

In conclusion, Peter R. Kellogg's decision to buy more Mercer International shares is likely driven by a combination of factors, including his confidence in the company's future, strategic investment goals, and market dynamics. Without specific information on his thought process, these are the most plausible explanations based on typical investment strategies.