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.

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Fortress Global Enterprises Inc - Class A

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Comment by algroveon Feb 22, 2014 8:44pm

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Post# 22239158

RE:A Class Debentures

1. You are correct re some $20 book value per share. At Sept 30th, their shareholders' equity was $356 million. I expect an impairment charge re their second plant in Quebec, which now is unlikely to proceed. However, if my memory is correct, the amount they have spent there is under $50 mil. So even if we subtract $50 mil. from $356 mil. we still come with over $20 book value per share. The balance sheet is clean. Aside from the convertible debentures, there is only $105 mil. in debt repaybale about $3 mil. per quarter, up until 2020.

2. You mentioned NB buying $17 mil of the A deb. I can not find anything to that effect. Where did you get that info from?

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