Ron Meisels
Catalyst Paper Corp.
CTL-T
TOP PICK
Mar 21, 2007
Had a lot of negative to the end of 2005. One of the groups that should do well at the tail end of a bull market is the paper and forest group. There has been some base building.
Even though the stock has come down a long way, he wouldn't be rushing out to buy any of the paper stocks. If you were going to own a paper stock, it would more likely be a US name.
Pulp and paper, which is a declining business in North America. Has gone through tremendously tough times. With the slowdown in the economy and paper, he doesn't see a good time for this company at all.
Has been very tough sledding for a lot of the paper industry. The newsprint part has been horrendous. This one has about 2 to 1 debt to equity. This company will go bankrupt and the shares will go to zero.
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