Fortress Global Enterprises Inc - Class A FTPLF

RE: RE: Conference Call

[jdn55]

I agree with Cap the sell off today was overdone but unfortunately emotions outweigh logic at the moment and these guys have failed to execute thus far. Not sure how much you can blame management for what's happened but the markets are only interested in results and Q3 results were bad. 

 

Moving forward I don't expect big things for Q4. I do expect management to deliver on their statement that Thurso and Landqart results will "materially improve". My guess is we'll see +$10 -$11MM EBITDA for Dresden and somewhere close to breakeven / small EBITDA loss for Thurso (they do have an extra 4500 tons of production to sell). Landqart....who knows, maybe $2 - $3MM EBITDA loss?? Q1 2013 it would be nice to see Thurso move into the black assuming the cogen plant comes on stream, they can avoid unscheduled shutdowns and DP prices start to comeback a little. Fingers crossed and wishful thinking perhaps.

 

Still a believer in the long term but my faith has definitely been shaken.

 

GLTA