RE: 5 yr outlookBabedinkleman, I think you need to keep things in perspective. I have been one of the biggest supporters of this stock & it is by far my largest holding. I also still think it has big upside from here over time...the chart is bullish IMO. However let's keep things realistic.
Correct me if I'm wrong but I believe NB will have the same capability as the existing Quebec plant, 100K tons annually. Full realistic throughput allowing for disruptions is about 90K tons annually. A near flawless year at 90K tons could produce about $1.30 in EPS which we hope for this year. To meet your "conservative" target they would have to have NB running at full capacity by Jan 1, 2004 & keep it that way all year. That seems rather optimistic to me. The current estimates are for about $1.20 & $1.75. That seems more realistic to me & still easily justifies a higher share price from my perspective.
As for dividends I think they should delay this idea & use their cashflow to pay for 2 additional facilities. Dividends in about 2 years might make more sense. What I do not want is dilution. I love the idea that this company can internally finance their amazing growth profile. In some ways it is almost a perfect stock. Cheers!!!