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 mr1derfulon Nov 11, 2013 11:50am

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Post# 21894198

RE:RE:Raymond James Downgrade... again

piedone...your analysis is lousy. It is quite clear that FTP's assets are overstated. Do you really think the assets are worth $657 million? Even if you strip out the cash equivalents there is no way that you would even come close to realizing $500 million if you were to sell Thurso, Landquart, and LSQ. These are all lousy assets that don't generate any cash flow nor are they likely to generate any cash flow in the near future. Thurso was a bankrupt pulp mill before FTP bought it for a $1.A huge waste of money for shareholders considering how much cap ex has gone into the project with no cash flow being generated.
Also...you don't quote cash of $9.35 per share when the company has debt outstanding.There is far more debt than cash on the balance sheet so the net cash is negative.

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