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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 nkbourbakion Aug 03, 2019 8:52am
95 Views
Post# 29991562

RE:RE:RE:VSF and DP prices down

RE:RE:RE:VSF and DP prices down
Contrarian333 wrote: I check with a couple of sources (not electronic) who have access to a pricing subscription.  DP was $750 yesterday - a price which I have never seen.  Lowest low I have ever seen was $770 when there was excess inventory around.  I don't think this is the case today.


Good God.  Thanks.   I see why the common is cratering.  FGE must be bleeding cash like crazy at those prices. With these headwinds I really don't see how they'll manage to restructure without wiping out the current equity.  Any optimism was based on increased production through the summer  months and the market imrpoving in 2H.  

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