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.

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This company is not attractive to him.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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

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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

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.
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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.
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.
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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.
COMMENT
COMMENT
June 11, 2012
Paper in industrial quantities is enormously sensitive to volume and pricing. It is still well above where it was because of the success in getting cheap capacity. Recent news makes it more optimistic but it is all dependent on there not being a major slowdown in the products it makes.
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Paper in industrial quantities is enormously sensitive to volume and pricing. It is still well above where it was because of the success in getting cheap capacity. Recent news makes it more optimistic but it is all dependent on there not being a major slowdown in the products it makes.
WATCH
WATCH
May 25, 2012
Very interesting company but has disappointed people lately. 3 units include 1) European currency, which is very problematic, 2) wallpaper for Europe and 3) a dissolving pulp plant, which they may grow. The last one is attractive as it is basically a competitor to cotton as it is used to make rayon.
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Very interesting company but has disappointed people lately. 3 units include 1) European currency, which is very problematic, 2) wallpaper for Europe and 3) a dissolving pulp plant, which they may grow. The last one is attractive as it is basically a competitor to cotton as it is used to make rayon.
TOP PICK
TOP PICK
April 20, 2012
Top Short This stock is breaking a lot of support. If it continues to drop, ($25 is a key level) you can see $20 on it pretty quickly. Current level is not a trading range but is a pause until the next downturn happens.
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Top Short This stock is breaking a lot of support. If it continues to drop, ($25 is a key level) you can see $20 on it pretty quickly. Current level is not a trading range but is a pause until the next downturn happens.
DON'T BUY
DON'T BUY
April 16, 2012
Seasonality is over for this stuff. Getting closer to its low of $23.80 last August which is a place you could put a marker in if you own. There are better names.
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Seasonality is over for this stuff. Getting closer to its low of $23.80 last August which is a place you could put a marker in if you own. There are better names.
STRONG BUY
STRONG BUY
April 2, 2012
Specialty paper/chemical company, which makes pulp into rayon. Likes this lot. Stock has corrected because of market sentiment against commodity related stocks. Also, the company is a couple of quarters behind. Should be at 90% of production by the end of June. 2nd mill goes on line at the end of 2013. Low-cost producer. Reasonably good balance sheet. Trading at about 4-5 times expected earnings. Should free cash flow $6-$7 a share starting June 30. Worth $60-$70 and going to over $100 in the next 3 years.
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Specialty paper/chemical company, which makes pulp into rayon. Likes this lot. Stock has corrected because of market sentiment against commodity related stocks. Also, the company is a couple of quarters behind. Should be at 90% of production by the end of June. 2nd mill goes on line at the end of 2013. Low-cost producer. Reasonably good balance sheet. Trading at about 4-5 times expected earnings. Should free cash flow $6-$7 a share starting June 30. Worth $60-$70 and going to over $100 in the next 3 years.
BUY
BUY
March 22, 2012
Likes the company. They are in the penalty box until they get a mill in Quebec going. Company looks to be cheap on a growth play. You need patience until second quarter this year and see all their pulp revenues come through. Thinks they have hidden assets.
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Likes the company. They are in the penalty box until they get a mill in Quebec going. Company looks to be cheap on a growth play. You need patience until second quarter this year and see all their pulp revenues come through. Thinks they have hidden assets.
COMMENT
COMMENT
February 23, 2012
There is some really good support at around $34 with some resistance at around $45. If you own and it got above $45, he would add more.
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There is some really good support at around $34 with some resistance at around $45. If you own and it got above $45, he would add more.
TOP PICK
TOP PICK
February 14, 2012
Not a paper company. Produce dissolving pulp. Used for Rayon. Rayon is a substitute for cotton. 6x free cash flow. By middle of this year should be at a run rate of $6. 17% earning yield. Announced second plant in Quebec for end of 2013. Could add $5 a share of free cash flow. Could be over $100 in 2 to 3 years.
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Not a paper company. Produce dissolving pulp. Used for Rayon. Rayon is a substitute for cotton. 6x free cash flow. By middle of this year should be at a run rate of $6. 17% earning yield. Announced second plant in Quebec for end of 2013. Could add $5 a share of free cash flow. Could be over $100 in 2 to 3 years.
COMMENT
COMMENT
February 3, 2012
New plant they are buying and converting looks quite interesting. PE on a trailing basis is about 10X. ROE is interesting at about 20%. His Quant system does not rate it well because near-term earnings are declining dramatically. Was $.38 last year and the most recent quarter in November was minus $.51. If they can get it together, growth rate in earnings should be pretty good.
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New plant they are buying and converting looks quite interesting. PE on a trailing basis is about 10X. ROE is interesting at about 20%. His Quant system does not rate it well because near-term earnings are declining dramatically. Was $.38 last year and the most recent quarter in November was minus $.51. If they can get it together, growth rate in earnings should be pretty good.
COMMENT
COMMENT
January 27, 2012
Chart shows it had a down trend and it is breaking out.
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Chart shows it had a down trend and it is breaking out.
COMMENT
COMMENT
January 19, 2012
Lumber has eeen decent and has moved up with the housing stocks. Chart shows lower lows, which is pretty positive. There will be some overhead resistance at around $45.
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Lumber has eeen decent and has moved up with the housing stocks. Chart shows lower lows, which is pretty positive. There will be some overhead resistance at around $45.
BUY
BUY
January 10, 2012
He hasn’t heard anything as to whether it is going well getting their pulp plant up and running. A difficult process of conversion, so he is hoping for the best. It is well down from amazing highs in the beginning.
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He hasn’t heard anything as to whether it is going well getting their pulp plant up and running. A difficult process of conversion, so he is hoping for the best. It is well down from amazing highs in the beginning.
SELL
SELL
December 2, 2011
He is a bit leery about anything related to the paper industry because of the problems with the Chinese on paper stocks. In a downward trend with 2 selling waves. Today's movement is just horrible.
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He is a bit leery about anything related to the paper industry because of the problems with the Chinese on paper stocks. In a downward trend with 2 selling waves. Today's movement is just horrible.
DON'T BUY
DON'T BUY
November 21, 2011
This is a ”story” stock. Have a wonderful new dissolving plant that may change the way paper and clothing work. Until they get it up and running and prove that they have 3 to 5 years of growing earnings, he won't buy.
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This is a ”story” stock. Have a wonderful new dissolving plant that may change the way paper and clothing work. Until they get it up and running and prove that they have 3 to 5 years of growing earnings, he won't buy.
COMMENT
COMMENT
October 31, 2011
They are about to launch production on dissolving pulp in a converted mill that they acquired very cheaply in Québec. Have some forward about 80% of their product. Have good people with great experience in the business.
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They are about to launch production on dissolving pulp in a converted mill that they acquired very cheaply in Québec. Have some forward about 80% of their product. Have good people with great experience in the business.
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