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.

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Posted in FTP, TSE

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