Fortress is getting hammered

What are the causes? Why is Fortress Paper down from 63 to 36 in some months?  I cannot see any reasons except the legal pursuit against the company.  Even if this pursuit is lost…in 5-6 years from now (legal delays).  It won’t be a material impact then.

Current estimations on profits are not changed (see it here).  Everything is on plan, on budget.  In may 5th press release, FTP hinted that they are pursuing new opportunity (discussed here and here).

I’m trilled about this company and as of may 12th, I’ve increased my position.

Disclosure : Author has a position in FTP.

Advertisements
Tagged with: , , , ,
Posted in FTP, TSE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories
%d bloggers like this: