AbitibiBowater Inc. (ABH.TO) Buy, Sell or Hold

AbitibiBowater Inc. (ABH.TO)

0.00

-0.00 (0.00%)

2 watching

SELL

In a tough business. Newspaper business or lumber in eastern Canada has not been a good place to be. Very highly leveraged.

DON'T BUY

News print statistics showed newsprint usage was down 8%. Newsprint has been very badly affected by the currency.

DON'T BUY

Dead company walking. They have had a rough ride and he doesn't see it changing anytime soon. The pulp business is a lousy business in the paper business is just as bad.

DON'T BUY

This company has been in such a negative spiral for many years. The news print producers have been shutting down capacity so they are starting to see a recovery in some margins. Not an exciting growth story.

DON'T BUY

The newsprint business is in tough shape and he doesn't think it's coming back. Advertising is going on the Internet. Perhaps the new government will make progress on the softwood lumber dispute.

SELL

Would avoid this one completely. They are a mess and have been for a long time. They do not generate enough free cash flow to cover any of their capital expenditures. Their credit rating is junk status. Dividend was cut.

BUY

Just bought this one. There has been so much capacity reduction that newsprint is now tight. A price increase just went through. Producers are running at about 95% capacity now. They get killed by the US dollar, but their debt is also in US dollars.

DON'T BUY

The newspaper business is a really tough one. Looking for a loss in Dec/06 of $0.04. If you own and it drops to the $3.50 level, get out.

WEAK BUY

You could do a speculation at around $3.80. If it breakes $3.80, get out. The concencus is that it has $0.03 negative earnings.

PAST TOP PICK

(Past Top Pick April 18/05. Down 28%.) Didn't like it when they sold their Asian assets.

DON'T BUY

Inclined to stay away from forest products, Because of the rising Canadian dollar. Not enough there to interest us.

DON'T BUY

Better off with a lumber stock rather than this one as they are really hurt by a lot of ovewr capacity, especially in the printing business. At these levels, you could certainly start looking at it, but don't rush in to buy.

SELL

Serious financial trouble and financial issues. Terrible balance sheet. Very bad exposure to the Cdn$. Newsprint consumption is in a decline.

WEAK BUY

Worst performer because of foreign currency. Be careful that you have stocks in your portfolio that offset this by benfitting from a stronger Cdn$.

DON'T BUY

Avoids this stock. In serious trouble.

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AbitibiBowater Inc. (ABH.TO)