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

Comment by OptsyEagleon May 12, 2011 10:58am

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Post# 18565749

RE: 7$ eps in 2012 ?

Your expense for taxes, interest and depreciation are a little high. I would subtract about $5 million for interest expense, and maybe $10 million for depreciation (they did buy it for only $1.2 million. Not much to depreciate except addition equipment added). That gets you to about $105 million pre-tax and about $75 million after tax. That works out to be about $5 per share (by the way I think the share count is actually closer to 14 million then 15 million but I can't remember). Add at least $1.50 from the other two divisions and you are getting very close to $7 per share.

Here is my previous estimate calculations.

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29504701&l=0&r=0&s=ftp&t=LIST

These numbers are inline with analysts using $1,200 per ton DP.

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