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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 Mar 10, 2014 11:31am
153 Views
Post# 22302611

RE:RE:RE:RE:RE:RE:RE:fine write-up about FTP

RE:RE:RE:RE:RE:RE:RE:fine write-up about FTPI would take the article with a grain of salt. To me it was nothing more than a marketing piece written by some unknown author in Munich. The authors spent a disproportion amount of the article gushing about how Chad didn't have a big ego and had a great track record. They even mentioned how Chad sold golf balls as a kid. I spit out my coffee laughing. Chad does have a great track record of losing shareholder's money. What wasn't mentioned in the article is that Fortress does not have access to any more capital on reasonable terms. An equity issue is out with the share price so low. The convertible debs due on Dec 31, 2016 are trading at $.69 on the dollar and yielding north of 20%. A huge red flag.
Bullboard Posts
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