lessthaniv Posted June 5, 2013 Share Posted June 5, 2013 MDA has been an outstanding holding since it's IPO in May 2000. Greater than 5X your money in 13 years under Anil's tenure Link to comment Share on other sites More sharing options...
lessthaniv Posted June 6, 2013 Share Posted June 6, 2013 Fortress issued a new updated presentation. http://www.fortresspaper.com/images/pdfs/investor_relations/Fortress%20Powerpoint%20May%2027%202013.pdf Anyone understand the graph on page 9. Not sure I understand the difference between the constant price and the nominal price, in this graph. Here is my interpretation; I believe this chart was derived from the one shown by Tappi a few years earlier. It can be found on page 18 at the following link; http://www.tappi.org/content/events/11diss/floe.pdf The concept being employed is the use of a deflator which is a statistical factor designed to remove the effects of inflation; inflation adjusted variables are shown in constant dollars on the chart. The Tappi presentation used WPI as the deflator but Chad has not shown us what he used. I'm guessing it was also WPI but I'm completely unsure. It would appear that Chad is hypothesizing a future of increasing inflation (WPI). He is suggesting that as inflation shows up in wholesale prices over the years to come, the nominal price of dissolving pulp would have to increase materially to maintain a somewhat normalized range for the constant price. Chad is trying show than since 1990, the nominal price of DP has risen to catch up with real prices and he is suggesting moving forward it will surpass real prices (see trend line). It's important to remember though, if inflation in wholesale prices begins to show up then it's possible that FTP will experience higher input costs too. If DP prices accelerate faster then FTP wins as margins can expand. Link to comment Share on other sites More sharing options...
alertmeipp Posted June 7, 2013 Share Posted June 7, 2013 http://www.reuters.com/article/2013/06/07/china-cotton-idUSL3N0EJ0IV20130607 China considers changes to cotton policy as mills suffer Thoughts? Link to comment Share on other sites More sharing options...
OptsyEagle Posted June 8, 2013 Share Posted June 8, 2013 I've watched Chinese cotton inventories for quite a while and noticed an incredibly large stockpile building up and was a little perplexed myself on why and it's inevitable outcome. I assume the Chinese got nervous in 2010 and 2011 when cotton prices started to soar. The textile industry is so important to the Chinese (exactly why the import tariffs on DP will be denied) that they must have decided to step in and buy up as much cotton inventory as they could. I guess they assumed the prices would continue to rise and therefore polyester and such would displace a lot of their industry, if they didn't step in and do something. In any event, whatever there reason was, it is difficult to see the final outcome. I suppose, if they all of a sudden decide to reduce that inventory build up it will have a softening effect on the price of cotton. On the other hand, maybe they see a much larger demand for this commodity then the rest of the world does. Link to comment Share on other sites More sharing options...
lessthaniv Posted June 8, 2013 Share Posted June 8, 2013 the buying was to support the rural cotton farmers. they would have suffered with the drop in cotton prices. so the government stepped in and starting buying up inventory at prices way higher than market. it's caused a huge surplus of inventory to build in china. the unintended consequence is that the textile industry suffered against competitors. now they have to find a way to unload it all. Link to comment Share on other sites More sharing options...
OptsyEagle Posted June 8, 2013 Share Posted June 8, 2013 Perhaps your right. In any event, I was surprised at how much they were buying. I think their inventory stockpile is about 3 times what they use to have, historically. That's a lot of extra cotton. It's not going to be good for the price of cotton when they start to sell it. How is that going to help a farmer? Did they not expect to take a loss on it? Link to comment Share on other sites More sharing options...
Liberty Posted June 19, 2013 Author Share Posted June 19, 2013 Change at the top of Lanquart: Fortress Paper Announces That Landqart AG Appoints a New Chief Executive Officer for Its Security Paper Products Business VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2013) - Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") is pleased to announce the appointment of Axel Wappler as Chief Executive Officer of its security paper products business, effective July 1, 2013. Mr. Wappler has over 25 years of international experience in the paper and manufacturing industries, with leadership roles in operations, sales and executive management. Prior to joining Fortress Paper, Mr. Wappler served as a member of the Executive Board and General Manager of Global Marketing and Sales for Omya Management AG, a leading global producer of industrial minerals and distributor of chemical products, and the Chief Executive Officer of Cham Paper Group, a Swiss developer, producer and distributor of coated specialty papers where Mr. Wappler improved profitability. Mr. Wappler's role will include leading Fortress Paper's security paper products business which operates through the Landqart Mill. Mr. Wappler replaces Alfonso Ciotola, who will continue providing services to the Corporation. Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper commented: "We are extremely pleased to have Axel Wappler join our team. Axel has a demonstrated track record of developing new markets and driving growth for a variety of businesses. We believe that Axel will provide strategic leadership to our security paper products business and possesses the skills and experience to advance our business objectives at Landqart. His experience in providing effective management solutions and expanding business in key international markets will be a significant benefit to the Landqart Mill. We would like to thank Dr. Alfonso Ciotola for his leadership over the past six years in growing both our security paper products business and specialty papers business, the latter of which was recently sold. We are pleased to continue our relationship with Alfonso and are fortunate to retain his knowledge and experience developed over 40 years in the paper industry. We look forward to his continuing insight and appreciate his pro-active efforts to find a new Chief Executive Officer to succeed him in our security paper products business." Link to comment Share on other sites More sharing options...
OptsyEagle Posted June 23, 2013 Share Posted June 23, 2013 Kind of glad you guys talked me out of buying some of these debentures. http://web.tmxmoney.com/quote.php?qm_symbol=FTP.DB They're now sporting a yield to maturity of around 23%. Still seems a little pessimistic. Link to comment Share on other sites More sharing options...
jeffmori7 Posted July 2, 2013 Share Posted July 2, 2013 Surprise, the cogen is delayed..again... But still, Chad is still aiming at the targeted cost structure. http://www.marketwatch.com/story/fortress-paper-provides-update-on-fortress-specialty-cellulose-mill-2013-07-02 Link to comment Share on other sites More sharing options...
Steady77 Posted July 4, 2013 Share Posted July 4, 2013 Article yesterday re: Fortress Paper's business in China. http://www.chinaeconomicreview.com/Q%26A-securing-renminbi Link to comment Share on other sites More sharing options...
Liberty Posted July 4, 2013 Author Share Posted July 4, 2013 Thanks. Link to comment Share on other sites More sharing options...
Alekbaylee Posted July 5, 2013 Share Posted July 5, 2013 Surprise, the cogen is delayed..again... But still, Chad is still aiming at the targeted cost structure. http://www.marketwatch.com/story/fortress-paper-provides-update-on-fortress-specialty-cellulose-mill-2013-07-02 According to this paper (sorry it's in French), they're facing heavy penalties for the delay... http://www.lapresse.ca/le-droit/economie/201307/04/01-4667865-retards-couteux-a-lusine-de-thurso.php Link to comment Share on other sites More sharing options...
lessthaniv Posted July 8, 2013 Share Posted July 8, 2013 Picked up shares. Picked up Debentures. ;D Link to comment Share on other sites More sharing options...
triedtestedand Posted July 8, 2013 Share Posted July 8, 2013 Hey <IV: 135K of the 6.5% debs traded today in one trade ... at $60 point zero one (on $100 par value) ;) Link to comment Share on other sites More sharing options...
Liberty Posted July 9, 2013 Author Share Posted July 9, 2013 Picked up shares. Picked up Debentures. ;D Did you move the price up 10% all by yourself? :) Link to comment Share on other sites More sharing options...
triedtestedand Posted July 15, 2013 Share Posted July 15, 2013 Hey <IV ... you buying again? Big block of ~157K shares traded today near end of day (pushed price down $.30 or so). Haven't seen this volume in a while. Who know why ... Link to comment Share on other sites More sharing options...
Liberty Posted July 18, 2013 Author Share Posted July 18, 2013 DBs up 10% today http://web.tmxmoney.com/charting.php?qm_page=11983&qm_symbol=FTP.DB Wonder if some info is leaking about the cogen.. Link to comment Share on other sites More sharing options...
Steady77 Posted July 18, 2013 Share Posted July 18, 2013 Is this an opinion or an update on the anti-dumping issue? Does anyone have access to the following report? -------------------------------------------------------------------------------------------------------------------------- Dissolving pulp anti-dumping investigation progress and forecast Author： CCFGroup.com Time：Jul 17 2013 9:25AM http://www.ccfgroup.com/newscenter/newsview.php?Class_ID=D00000&Info_ID=20130717020 Link to comment Share on other sites More sharing options...
triedtestedand Posted July 18, 2013 Share Posted July 18, 2013 Steady ... Got this from someone else ... not a lot there. Insight | Time：Jul 17 2013 9:25AM Dissolving pulp anti-dumping investigation progress and forecast The Ministry of Commerce (MOFCOM) released Announcement No.10, 2013 on February 6 on its decision to launch an anti-dumping investigation against pulp imports from US, Canada and Brazil. Hearings have been held since then and field verification of domestic producers was carried out on May 17. Based on previous expectation, preliminary ruling of anti-dumping investigation will probably come out in Aug-Oct, but no progress has been heard. According to international economic and trade situation, there was tense relationship between China and EU because of anti-dumping investigation on PV. The fifth round of the China-U.S. Strategic and Economic Dialogue (S&ED), both sides have reached great progress in cooperation. Since the evolution of international economic and trade relationship may be decisive on anti-dumping investigation, we estimate that the possibility of releasing preliminary ruling will greatly decline in Aug-Oct, which is likely to be delayed till the end of 2013 or even later. *Note: Since it is the first time that Chinese producers initiate anti-dumping investigation against imported goods, there is not much experience. Meanwhile, we are not international economic & trade and legal expert, so the opinions and forecast in the article are just for reference. Link to comment Share on other sites More sharing options...
Steady77 Posted July 18, 2013 Share Posted July 18, 2013 Thanks. Much appreciated. Link to comment Share on other sites More sharing options...
Liberty Posted July 29, 2013 Author Share Posted July 29, 2013 DBs up 10% today http://web.tmxmoney.com/charting.php?qm_page=11983&qm_symbol=FTP.DB Wonder if some info is leaking about the cogen.. Up another 6.5% today to 74. In a month it went from just under 60 to 74 while the common's up about 5%. Link to comment Share on other sites More sharing options...
OptsyEagle Posted July 30, 2013 Share Posted July 30, 2013 Kind of glad you guys talked me out of buying some of these debentures. http://web.tmxmoney.com/quote.php?qm_symbol=FTP.DB They're now sporting a yield to maturity of around 23%. Still seems a little pessimistic. Why didn't you guys talk me into buying some of these debentures? lol. Link to comment Share on other sites More sharing options...
Liberty Posted July 30, 2013 Author Share Posted July 30, 2013 ;D Link to comment Share on other sites More sharing options...
alertmeipp Posted July 31, 2013 Share Posted July 31, 2013 If we are lucky, the water pump issue should be getting fixed soon. If not, will have to wait 1month+ before they put on the new one. Hope they dont find something new. Link to comment Share on other sites More sharing options...
jeffmori7 Posted August 1, 2013 Share Posted August 1, 2013 DBs up 10% today http://web.tmxmoney.com/charting.php?qm_page=11983&qm_symbol=FTP.DB Wonder if some info is leaking about the cogen.. Up another 6.5% today to 74. In a month it went from just under 60 to 74 while the common's up about 5%. The stock is slowly starting to rise also. I would like to hear some good news about the cogen soon... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now