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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)
•••
Post by jdn55on Aug 14, 2013 10:42pm
234 Views
Post# 21671622

Q2

Q2
Just had a quick review but no major negative surprises that I could see. Thurso operating results were actually a little better than I thought they would be and Landqart basically moved to breakeven but sounds like they could use some more orders. LSQ still under review. Might see Thurso move back close to breakeven by Q3 and maybe cash flow positive by Q4. Perhaps a little light at the end of the tunnel if we could get DP prices to firm up.

One surprise was the announcement of a $15MM normal course issuer bid. Not sure that's the best use of company funds. Be interesting to see how the markets react. I don't think we'll sell off and who knows, maybe the SP will actually firm up a bit.

GLTA
 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities