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

AbitibiBowater Inc. (ABH.TO)

0.00

-0.00 (0.00%)

2 watching

DON'T BUY

A pretty grim picture. Newsprint prices have been lousy and on an inflation adjusted basis, they are half what they were 5 years ago. A lot of the problem is on-line advertising and every $ of that is probably coming out of newspapers.

HOLD

The world's largest newsprint manufacturer. Everything that can go wrong seems to have. Eventually they'll get straightened out.

TOP PICK

At the current price, it's a steal.

DON'T BUY

Probably too late in the cycle to get into the newsprint stocks. Has a stretched balanced sheet which should be of concern.

DON'T BUY

Largest company, but not known for having shareholder friendly type management. This would be a bet on a commodity. If currency and prices come your way, you have a disproportionate return. Very mercurial.

DON'T BUY

Not a growth company, a restructering story.

DON'T BUY

Forest sector is negatively impacted by Canadian dollar. Dreadful balance sheet.

SELL

Stock has come down a long way but still not comfortable with it. Paper statisitics still do not look good. Growth is still slow. With the current price of newsprint, they are not generating much cash. Bad balance sheet, huge debt. Will be hurt by a rising Cdn$.

DON'T BUY

Not enthusiastic about this stock. Newsprint sales were down in 2004.

DON'T BUY

Newsprint has probably been the worst place to be in. Relatively poor demand, no pricing power and strong Cdn$ has hurt.

WEAK BUY

The problem is that they have a $30 price increase in the price of newsprint which takes a moving it from $600 to $630. This is priced in US$, so are actually receiving less in Cdn$'s than they were a year ago. Good fundamentals, but has a little more debt than he would normally like.

BUY

Has been disappointing, but recently has had some recovery. Looking for newspaper price increases.

TOP PICK

Got whacked by the strong Cnd$. US economy should pick up. Use a $7 stop/loss.

SELL

There has been a glut of newsprint globally. There has been no rebound in consumption that we are used to in normal cycles. Internet is a factor.

HOLD

Waiting to see a rebound in newsprint prices. Expects to see some increases in prices of forest products next year.

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AbitibiBowater Inc. (ABH.TO)