Author Topic: FGE.to - Fortress Paper (formerly FTP.to)  (Read 697415 times)

Liberty

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FGE.to - Fortress Paper (formerly FTP.to)
« on: May 09, 2011, 06:57:24 AM »
We've discussed this company extensively in other threads*, but I think it deserves to have its own topic where we can compile info in an easy-to-find way.

The stock has been going down quite a bit in the past few months, possibly offering a nice entry opportunity.

*Here for example: http://cornerofberkshireandfairfax.ca/forum/index.php?topic=4246.0
« Last Edit: May 16, 2018, 10:19:27 AM by Liberty »
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VAL9000

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Re: FTP - Fortress Paper
« Reply #1 on: May 09, 2011, 07:01:30 AM »
If you haven't already read this, it's worth the time.  ABC made a killing on FTP last year:

http://www.valueinvestigator.com/en/valuefavourites/ftp.php

VI is where I first came across SSW, too.

Liberty

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Re: FTP - Fortress Paper
« Reply #2 on: May 09, 2011, 07:07:04 AM »
Thanks VAL, I hadn't seen that.
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riju_easow

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Re: FTP - Fortress Paper
« Reply #3 on: May 09, 2011, 07:44:01 AM »
I have attended last 3 ABC quaterly meetings and he is still holding on to FTP (as of April 2011).

VAL9000

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Re: FTP - Fortress Paper
« Reply #4 on: May 09, 2011, 09:22:20 AM »
I have attended last 3 ABC quaterly meetings and he is still holding on to FTP (as of April 2011).
Riju,

Any insights from those meetings on FTP, beyond what's in the above analysis?

Liberty,

Thanks for keeping the ideas coming.  Four more weeks until I write CFA L2, after which I intend to pay back your contribution here with some original ideas of my own!

Liberty

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Re: FTP - Fortress Paper
« Reply #5 on: May 09, 2011, 09:34:01 AM »
Liberty,

Thanks for keeping the ideas coming.  Four more weeks until I write CFA L2, after which I intend to pay back your contribution here with some original ideas of my own!

Thanks VAL9k, but no need to thank me. I'm a total beginner compared to most people here. I'm just trying to learn, and so far I've only been filtering other people's idea to see which ones fit with my personal investment criteria.

But when I do find something truly original, I'll make sure to post it here. I've gotten so much value from the insights of people on this board, I want to give back.
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riju_easow

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Re: FTP - Fortress Paper
« Reply #6 on: May 10, 2011, 07:57:39 AM »
I have attended last 3 ABC quaterly meetings and he is still holding on to FTP (as of April 2011).
Riju,

Any insights from those meetings on FTP, beyond what's in the above analysis?

Irwin did mention that he was forced to sell some FTP shares in 2010 as it had had become more than 20% of his portfolio at one time and that he is now playing with house money (since he has recovered his orginal investment). Aside from that he does speak to Chad on a regular basis.
I remember asking him if he is planning to buy any more FTP (this was back in Feb when FTP issued additional shares at $51.75 per share) and he said he is niether a buyer or seller at this point. I am planning to attend the next quaterly meeting in July 2011 so if you have any specfic questions on FTP I can ask Irwin :)

henrysalt

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Re: FTP - Fortress Paper
« Reply #7 on: May 11, 2011, 09:21:03 AM »
Dropping again today - stock is down 35% over the last three months.


Liberty

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Re: FTP - Fortress Paper
« Reply #8 on: May 11, 2011, 10:29:02 AM »
Dropping again today - stock is down 35% over the last three months.

What are the main theories on why it's dropping so much? Natural resources in general? China overheating? Random Mr. Market mood? Something material going on with FTP that I haven't heard about?
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Liberty

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Re: FTP - Fortress Paper
« Reply #9 on: May 12, 2011, 07:54:22 AM »
Got some FTP today. Hard to resist after a 42% drop from their peak. I think they'll do very well over the years..
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast (new link)