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Fortress Global Enterprises Inc - Class A FTPLF

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

Comment by OptsyEagleon Jan 04, 2012 8:24pm
148 Views
Post# 19370925

RE: RE: RE: RE: RE: RE: RE: Risk vs Reward??!??

RE: RE: RE: RE: RE: RE: RE: Risk vs Reward??!??

You are absolutely right.

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200,000 tonnes x $600 profit margin = $120 million pre-tax.  Subtract 30% tax and you have $84 Million of free cash flow every year.  Divide that by 52 weeks and you only have $1,615,000 every freaken week.  My mistake, I am glad you caught that.

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Now add to that another $30Million from Dresden minus $7M or $8 million in tax and you now are pretty close to their after tax earnings going forward.  Somewhere in the $100 Million range.  I won't bother adding in the Co-generation profits that should kick in by the 3rd quarter of this year.  That's somewhere around $6 EPS per share.  Due to the ramp up of Thurso and the Co-gen plant, I would say $4 EPS for 2012 and then $6 after that.  Landqart should break even, that is all I ask and expect.

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Thanks for letting us know about the tree growth elsewhere in the world.  Might want to tell that to the Chinese. I am sure they will be happy to hear about it.

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Chad earned his money last year.  He and his staff did everything they said they would do that was within their control and I have every confidence that they will guide this company to its future success.  I know you don't share that opinion and that is your decision. 

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