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Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production
Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Fortress Global Enterprises Inc - Class A
Bullboard Posts
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(14)
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Comment by jdn55on Mar 15, 2013 10:24am
127 Views
Post# 21134762

RE: RE: RE: Target Price Changes Today

RE: RE: RE: Target Price Changes Today

I don't think a share buyback would be a very good at all. They're in a capital intensive business and should direct all that cash to operations and focus on operations. The optics of a share buyback when we're bleeding cash would not be good IMO.

 

I'm still leary that the business model (focus on DP) is a problem given DP prices are still in the toilet. Let's hope the bounce in pricing continues up over a $1000 per ton and we get our operational issues smoothed out then I'll start believing again. I like the idea of moving to produce special high purity DP but what's the cost and time required to get there?? If anyone could share some insight on that it would be appreciated. 

 

It's definitely a "show me" story now.

 

GLTA

 

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