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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 Feb 01, 2012 12:59pm
228 Views
Post# 19474705

RE: 2014 EBITDA

RE: 2014 EBITDA

Heck even a pessimistic outlook of $800 DP spot price would still give Fortress an EBITDA of $218M

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and over 1/2 of the current global supply would shut down due to their higher cost structure.

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You see, even the Scotiabank analyst is having a problem understanding the strategy here.  Oversupply, if there is any, is not a big concern for the lower cost producers.  It may keep prices from rising, but the price will still stay close to the highest cost producers.

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Tell me that Fortress Paper's cost structure is going to shoot up in the near future and I will be glad to start worrying, but in the situation we are in currently, even without an increase in demand, Fortress Paper could bring on over 4 million new tonnes of DP and still be profitable, as long as they keep their costs in the current range.  Why is this concept so difficult to understand? 

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