Fortress Global Enterprises Inc

FGE-T

Analysis and Opinions about FGE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 17, 2013

This company is not attractive to him.

This company is not attractive to him.

Michael Underhill
Portfolio Manager, Exempler Funds, Capital Innovations
Price
$7.000
Owned
No
HOLD
HOLD
June 13, 2013

Facility in Quebec has had its problems. Sold their Dresden facility at a fair price. They are making a lot of corrections to what is going on. A lot of good things are happening but it is a show-me stock. He is going to stick with it and see what happens.

Facility in Quebec has had its problems. Sold their Dresden facility at a fair price. They are making a lot of corrections to what is going on. A lot of good things are happening but it is a show-me stock. He is going to stick with it and see what happens.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$6.010
Owned
Yes
WATCH
WATCH
June 3, 2013

We had support but now it has broken it. He needs to see something good happen before stepping in. It could be a value trap.

We had support but now it has broken it. He needs to see something good happen before stepping in. It could be a value trap.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$6.190
Owned
Unknown
WATCH
WATCH
May 3, 2013

Has been in a 2+ year downtrend which may be breaking right now. He likes to buy after a base breakout. It is attempting to base. If it breaks out then he would buy. There may be a case for trading it right now.

Has been in a 2+ year downtrend which may be breaking right now. He likes to buy after a base breakout. It is attempting to base. If it breaks out then he would buy. There may be a case for trading it right now.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$7.460
Owned
Unknown
COMMENT
COMMENT
March 1, 2013

In the penalty box. Had problems getting on track with their dissolving pulp plant in Québec. Just hired a new manager of the plant, which the market likes. Suspects the wallpaper facility in Dresden Germany and the printing facility in Switzerland are both up for sale. If they sell the Dresden plant, it could probably fetch $200-$300 million, which would pay off all debt. Have to show a couple of quarters of consistency.

In the penalty box. Had problems getting on track with their dissolving pulp plant in Québec. Just hired a new manager of the plant, which the market likes. Suspects the wallpaper facility in Dresden Germany and the printing facility in Switzerland are both up for sale. If they sell the Dresden plant, it could probably fetch $200-$300 million, which would pay off all debt. Have to show a couple of quarters of consistency.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$8.700
Owned
Unknown
DON'T BUY
DON'T BUY
February 6, 2013

Great idea but there was a lot of execution risks that came into the name. Things that were going to happen in a quarter were pushed back, plants that were supposed to perform at a certain level performed at lower levels, etc., etc. Management is doing their best to turn it around but there are now some very big execution questions over the company.

Great idea but there was a lot of execution risks that came into the name. Things that were going to happen in a quarter were pushed back, plants that were supposed to perform at a certain level performed at lower levels, etc., etc. Management is doing their best to turn it around but there are now some very big execution questions over the company.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$8.040
Owned
No
WATCH
WATCH
November 16, 2012

Deep in the penalty box. Problem is that the company has disappointed. Printing side has had a tough time. Need 2-4 months of operation and a strong stomach on this one. Company has incredible torque and leverage to dissolving pulp prices. People aren’t confident in the CEO.

Deep in the penalty box. Problem is that the company has disappointed. Printing side has had a tough time. Need 2-4 months of operation and a strong stomach on this one. Company has incredible torque and leverage to dissolving pulp prices. People aren’t confident in the CEO.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$7.000
Owned
Unknown
WATCH
WATCH
November 5, 2012

There is a probably a recognition trade for the next week or two. Would not touch it yet and then there could be tax loss session so study it then.

There is a probably a recognition trade for the next week or two. Would not touch it yet and then there could be tax loss session so study it then.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$7.840
Owned
No
WAIT
WAIT
October 22, 2012

Cautious on this one. They have 3 basic businesses including dissolving pulp, a mill in Germany that makes wallpaper and a mill that makes paper for currency. 2 of them are not doing particularly well. Dissolving pulp is not bearing fruit yet and the currency paper mill is having some struggles. Too many irons in the fire and needs time to pull it all together.w

Cautious on this one. They have 3 basic businesses including dissolving pulp, a mill in Germany that makes wallpaper and a mill that makes paper for currency. 2 of them are not doing particularly well. Dissolving pulp is not bearing fruit yet and the currency paper mill is having some struggles. Too many irons in the fire and needs time to pull it all together.w

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$13.900
Owned
Unknown
COMMENT
COMMENT
October 17, 2012

They are dynamic and determined. Have done some wonderful purchases of the plants. Using pulp to manufacture rayon. The swing on this stock in the downward direction is very much tied into the pricing of cotton, which seems to be one of the most violent commodities. Very difficult one to gauge at the moment.

They are dynamic and determined. Have done some wonderful purchases of the plants. Using pulp to manufacture rayon. The swing on this stock in the downward direction is very much tied into the pricing of cotton, which seems to be one of the most violent commodities. Very difficult one to gauge at the moment.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$14.200
Owned
Unknown
BUY
BUY
September 10, 2012

Conrarian Buy. Sold all of his capital cost on the way up. Has a lot of respect for management. Has dissolving pulp mills; Facility for printing in Switzerland is coming back; Wallpaper plant in Germany could be a take-out target. Street is losing faith. Buy under $15.

Conrarian Buy. Sold all of his capital cost on the way up. Has a lot of respect for management. Has dissolving pulp mills; Facility for printing in Switzerland is coming back; Wallpaper plant in Germany could be a take-out target. Street is losing faith. Buy under $15.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$14.750
Owned
Yes
DON'T BUY
DON'T BUY
August 10, 2012

Controversial stock. Has been a highflyer at times and has run into a lot of problems also. Recently has run into some issues. Very aggressive at going into the dissolving pulp business. Haven't shown the ability to execute on their specialty applications. A “show me” story.

Controversial stock. Has been a highflyer at times and has run into a lot of problems also. Recently has run into some issues. Very aggressive at going into the dissolving pulp business. Haven't shown the ability to execute on their specialty applications. A “show me” story.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$14.250
Owned
Unknown
WATCH
WATCH
August 7, 2012

Disappointed investors but has a big following for such a small company. Wallpaper mill is doing well, currency paper is struggling, and then pulp is not doing well. Not for him. Watch it for now.

Disappointed investors but has a big following for such a small company. Wallpaper mill is doing well, currency paper is struggling, and then pulp is not doing well. Not for him. Watch it for now.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$33.710
Owned
No
COMMENT
COMMENT
June 22, 2012
In the penalty box. Unfortunately it takes longer and is more costly to put a dissolving pulp mill into production in Thurso, Que. They are at 92% and once they get into full capacity, cash flow should be coming in. Just raised $69 million in a 7% convertible debenture.
In the penalty box. Unfortunately it takes longer and is more costly to put a dissolving pulp mill into production in Thurso, Que. They are at 92% and once they get into full capacity, cash flow should be coming in. Just raised $69 million in a 7% convertible debenture.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$19.550
Owned
Yes
COMMENT
COMMENT
June 12, 2012
This is not a company that he can properly value as they have not produced any earnings. Doesn't fit with this type of value company.
This is not a company that he can properly value as they have not produced any earnings. Doesn't fit with this type of value company.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$22.000
Owned
No
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