  The properties of a hinged floating elastic sheet of finite length under
compression are considered. Numerical continuation is used to compute spatially
localized buckled states with many spatially localized folds. Both symmetric
and antisymmetric states are computed and the corresponding bifurcation
diagrams determined. Weakly nonlinear analysis is used to analyze the
transition from periodic wrinkles to single fold and multifold states and to
compute their energy. States with the same number of folds have energies that
barely differ from each other and the energy gap decreases exponentially as
localization increases. The stability properties of the different competing
states are established and provide a basis for the study of fold interactions.
