Fortress Global Enterprises Inc - Class A FTPLF

RE: CEO Buys the Crown Jewels

[lanaar2]

Yea I agree with your first 3 paragraphs.


I finally saw FTP in the newspaper this morning (Montreal Gazette). Perhaps the stock will get more exposure since it will start doing biz in Canada.

Paying 3 million for the mill is peanuts considering the profit it can generate from current ops.

But I'd like to know more about the dissolving pulp industry. Can China ramp up production and capacity in a short amount of time ? That's my biggest worry. Up to now we were not competing with China.

There isn't much info out there, same goes for FTP's other 2 segments. I guess we will have to trust management like always.

The fair value option for the property,plant and equipement to me is a bad idea. First of all we should assume that investors already know what the replacement cost is. Making it clearer by opting for the fair value option to me would not present any new information. I don't think the term ''book value'' would be relevant anymore. It should be called ''fair value'' because nothing would be reported at cost anymore except for inventories. Plus, there are extra fees involved in keeping the assets at fair value. Plus, there would be more volatility in the shareholder's equity.