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Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production
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

Fortress Global Enterprises Inc - Class A
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Comment by cashcrunchon Mar 14, 2013 3:57pm
145 Views
Post# 21131529

RE: RBC Bearish: Target Price Changes Today

RE: RBC Bearish: Target Price Changes Today

Hey Azorean-

I saw that too and like you  initially thought bearish... but if you look at the dates more closely, the initial  downgrade to $ 9 was first posted about 30 minutes after the Dresden news broke on March 13, so at first glance it does appear bearish (but didn't take Dresden announcement into account).....

BUT one day later RBC then upgraded (bullish) from $9 to $10 ( see the Steady post on March 14th) to likely account for the Dresden announcement.   I assume this upgrade implies that RBC sees the Dresden sale as bullish.

 

Bullboard Posts
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