Long story short, everything that could go bad went bad. Company is now burning throught cash, taking debt, talking about buying more and more mills and the market price for DP is dropping like a rock in a no-bottom pool.…
If you read this blog in the last years, you’ve probably noticed how much I like Fortress paper and it’s manager Chad. In the last year and a half, FTP share value dropped from 54$ (top) to the current 20$…
Can you beleive what a deal Chad signed today? Let’s resume : – He purchased the assets only (the buildings, equipment and other ancillary property) for 7.5M payable in 5 years from Domtar. – Quebec Ministere du Developpement economique, de…
Today is another great day for Fortress Paper, Government of Quebec released a press release confirming a press conference tomorrow morning at Lebel-sur-quinvillon in cooperation with Fortress Paper! Since the beginning of the year, FTP got quite an upside run…
What is happening with Fortress Paper? Stock surged 15% in the last 2 days without any news release or important information coming out. I could see 2 catalysts: An analyst changed it’s target price based on Dissolving Pulp price. DP…
TD bank analysts revealed that dissolving pulp price dropped with cotton price in the last month to the 1000-1100$ range from 1600-1800 prices of Q3. It still gives FTP a comfortable margin but you should adjust your estimates accordingly. Disclosure…
As you all probably know by now, I’m a huge fan of Chad and his Fortress Paper company. My judgment may, well is, biased. Anyhow, I’ll try to analyze Q3 report objectively. Security In this Q3 I was looking for…
A news just got out on reuters. Construction workers are back. http://www.reuters.com/article/2011/10/27/fortresspaper-idUSN1E79Q0FZ20111027
Do not call emergencies, FTP is not physically burning but it is very hot. On an interview with business news, Chad confirmed the purchase of minimum 2 to 3 other dissolving pulp paper mill in the following 6 month! He…
I’ve been long Fortress Paper for over a year and a half now. My position varied from 10 to 30% of my portfolio. I’m currently around 15% invested in FTP. The recent drop in FTP share price could scare you. …
Pretoria Investment 