Fortress Global Enterprises Inc - Class A FTPLF

RE: Oversold

[OptsyEagle]

Another 137,000 shares sold today.  I hope the Quebec Solidarity Fund is getting pretty much close to the end of their selling (they only had 350,000 shares).  It looks like some institution (probably QSF) sold a whack close to the open and from the comments of a lot of investors in this stock, probably started another "oh my god, stocks can go down, selling frenzy" again.

To recap for everyone who is mezmarized by the share price moves and obviously have no idea what they own:

Fortress Paper will produce 200,000 tonnes of pulp, of which over 75% has already been sold.  If you take the prices they are "GUARANTEED" for this pulp and even assume that they only produce 150,000 tonnes (instead of 200,000), and they never buy another pulp mill,  they are going to make somewhere near $6 to $7 of EPS for 2012.

So stop worrying about where pulp prices will be in a year, stop worrying about whether FTP will buy another mill or two or three and start thinking about the paragraph just above this.

Now if the world doesn't fall apart, if people keep buying cloths, if they do put their $100 million of cash to work, if the expansion in wallpaper and bank notes do actually happen, things will only get better.

So stop giving your stock away at 1/2 of what it is worth and if you have to stop looking at the share price to do this, then stop looking at it.  Come back in a year.