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.