I work there..sell!!!I have worked for repap for 15 years. My advice to to take your money and run. YES, we are efficient and fast. YES we have a solid customer base and good quality. YES there will be some moderate price increases in LWC (Lightweight coated paper) BUT--We have a ton of debt that I will never see a dent in as long as I live.
This week management spit and polished the mill for the local media. They announced they would be having public tours from time to time. I think they are trying to improve their poor public image because of the terrible relationship they have with the union. I have asked the top-dog at the complex if there is a sale or a purchase in the wind. A definitive NO was the answer. They are trying to pinch pennies at every turn, something I have never seen them do before, like they now realize like they are i tis alone and and in for a long haul.
ADVICE: Crippling debt, cyclical market, rising financing rates, GET OUT.
If you have any questions email me -- I dont hang out on this board, I dont own any shares.
Larry Lynch
fiction@brunnet.net