Andrew McCreath
Norske Skog Canada Ltd.
NS-T
DON'T BUY
Jan 17, 2005
Company has tended to have quite a few problems over the last few years as they are not necessarily the lowest cost/highest quality of their product. Also had indigestion problems with some of their acquisitions. Would prefer others in that sector.
With this stock, you have to keep an eye on the softwood lumber dispute.Forest product stocks have not really started to turn yet.May be a good opportunity as a contrarian play.
Typically towards the end of an economic cycle, you would see newsprint turn around. Hasn't happened yet, but if you want to be in the newsprint sector this has much healthier balance sheet than Abitibi.
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