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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
Bullboard Posts
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(23)
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Comment by jdn55on May 13, 2013 11:01pm
210 Views
Post# 21388031

RE: Quarter

RE: Quarter

It was about what I expected. Only one real surprise re: LSQ, projecting an additional $70 - $100MM in costs which really shouldn't be a surprise given what they went thru with Thurso but the good news is, based on release, is LSQ is under a complete strategic review. I think they`re going to put LSQ on hold until market conditions improve which is what I`ve wanted to see for some time now.

 

DP prices holding around $930 per ton. Co-gen kicking in by end of Q2. What`s missing is guidnace on Q2 production. The only guidance was we should see material improvement in Thurso operations by Q3.

 

Landqart at good production levels currently but continuing problems with competitive market and strong Swiss Franc. Not much future guidance there either.

 

Will have to listen to the CC tomorrow for a little more clarity but wasn`t much here to give us a lift IMO.  

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