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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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(9)
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Comment by mr1derfulon Feb 19, 2014 10:20am
168 Views
Post# 22224565

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:52 week Low

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:52 week Low I've said it before but companies that bleed red ink don't buy back their shares. FTP has to be in cash conservation mode as there is no way they can raise any meaningful amounts of new capital. Not when you have roughly 15 million shares outstanding and a share price of $3.37. This company is a value trap as the two underlying businesses are lousy and deplete cash every quarter. Chad has zero credibility and he is nothing but a salesman. Any other CEO of a public company that has destroyed this much shareholder's value would have been fired. Instead Chad racks up frequent flyer points and collects a bonus.
Bullboard Posts
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