GREY:FTPLF - Post by User
Post by
Contrarian333on Apr 01, 2019 6:59pm
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Post# 29566694
State of FGE
State of FGEDissolving pulp price has been weaker as it often is at this time of year. Expectations are for higher prices as the year progresses which is the typical seasonal pattern.
While 4th Q results were pretty good - balance sheet cash was lower and 1rst Q results will be hurt by the usual issues of cold weather (frozen chips) and electrical blackouts.
2nd and 3rd Q should be strong with 5th digestor coming on stream and recent operational improvements.
Expect a balance sheet initiative to solve for a more stable and permanent capital structure.