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Fortress Global Enterprises Inc - Class A FTPLF

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

Comment by jdn55on May 12, 2015 5:03pm
184 Views
Post# 23721145

RE:interesting details in conf call

RE:interesting details in conf callWhat was so interesting??? The only thing I found of interest was in the MD&A. The comment was relating to a significant cost improvement in Q2 for Thurso operations?? The other thing I noted was a $6.4MM guarantee of some sort for Landqart and frankly I'm not sure what that's about but I assume it must be related to a bank note order. Not knowing how that industry works I don't know why they would have to offer a guarantee and nor do I understand the significance of this event. Something is obviously up though. I personally cashed out of FTP some time ago in the $5 range (taking by far the worst loss in my investment history in the process I might add) but I forgot my wife had 2200 shares in her RRSP so have to keep watching this very painful dog of a stock for her.
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