RE: RE: Share PriceGood post Liberty.
We all need to decide if we are in this for the short term or the long term. If Fortress Paper stock had only gone from $15 in March of 2010, directly to $36 today, I am sure that we would all be very optimistic about its prospects and high fiving each other over the 100% return we have achieved. Since it went from $15 to $60 and then to $36, we somehow think that the longer term story has changed. The only change that I can see is that some impatient investors (OK, many impatient investors) decided to exit the story. They may have reasons, but I suspect that they all are very speculative.
This comment from Industry Intelligence is also speculative but can you imagine the price of Fortress Paper stock in 2020 if the industry demands 23 million tons of dissolving pulp. With the current, less then liquidation value, pricing of FTP stock and a future even half as robust as those estimates, I can't imagine Fortress Paper being anything less then your best performer over that time frame.
So keep your eyes on what Fortess Paper is doing. How their economic value is in comparision to its trading price and forget what other investors are doing from day to day. That is my best advice.
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“With record-high cotton prices more and more textile producers are switching from cotton to synthetic and man-made cellulosic fibers, such as rayon from dissolving pulp,” wrote
Industry Intelligence, a US-based research firm. “At the highest estimate some 23 million tonnes of commodity dissolving pulp supply would be needed by 2020 – an average of 2.3 million tonnes per year and a huge business opportunity for wood pulp producers.”
https://specialtycellulose.com/dissolving-pulp-markets-surge.htm