gordoffh
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Everything posted by gordoffh
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dead even as of friday - hit pretty hard during crisis - largest postions in SD, MFC, PD, TDG and RY - Nov 3rd might be able to say up double digits - go SD
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just bought some have been adding to position in SD but thought maybe buying one of the big oils at this price would be a good bet the yield isn't hard to take
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This is disconcerting. Going into results dropping like a stone . Have been nibbling since mid 1 twenties. Still a Sizable holding. Offset by pd,tdg and sd however if this one ever took off on to the races. Sure is reacting much differently going into this quarter results. Anyone else buying?
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anyone notice price action just now. hit 1.25 then jumped to 1.44 now 1.31 what gives? pulp price still holding http://www.paperage.com/foex/pulp.html
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i had a substantial position prior to the insider buying and have added each time one of these people have purchased. high prices paper,rayon,toilet paper for the third world and buying from a tight fisted lot with acquistions elsewhere. looks pretty good here
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continued insider buying at 1.54 mar 22
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according to cdn insider continued insider buying to mar 17
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check canadian insider - 2 more management types have purchased shares on the open market - believe that is now 4. can,t believe that something isn,t in the works
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not sure if this had been posted however there has been considerable insider buying recently. see canadian insider. i just got new ipad and still trying to figure out how to copy paste but fairly large sums for this group.
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What movies have you watched recently?
gordoffh replied to EdWatchesBoxing's topic in General Discussion
the kings speech - great performances - unique relationship I assume with a commoner and royalty - background of emerging war and abdication - terrific movie -
Abitbi President from Globe Expect more consolidation in newsprint market, Abitibi head says BERTRAND MAROTTE Montreal— Globe and Mail Update Published Friday, Jan. 14, 2011 12:43PM EST Last updated Friday, Jan. 14, 2011 12:46PM EST 0 comments Email Print/License Decrease text size Increase text size Expect more consolidation in the North American newsprint market as industry players try to deal with the impact of declining demand, says the new head of AbitibiBowater Inc. (ABH-T24.99-0.37-1.46%) “I would not be surprised to see more consolidation and I certainly hope that it's going to happen,” new Abitibi chief executive officer Richard Garneau said on a post-restructuring conference call Friday. More related to this storyReborn AbitibiBowater seen as outperformer Beaten-down forest sector starts to sprout New Abitibi head aims to control costs “Maybe another round of consolidation could be required.” But he added that dwindling demand for newsprint in North America - spurred on by the shift to digital media - will be offset by increased consumption in emerging markets such as Asia and Latin America. Montreal-based Abitibi, which recently emerged from a massive financial and operational restructuring under court-ordered bankruptcy protection, is well positioned to manage declining newsprint demand in North America as it moves to bolster exports to markets in Latin America and India as well as shifting production to higher value-added papers, said Mr. Garneau, an industry veteran who has just taken over as CEO from David Paterson. “We can manage the decline in North America by focusing more on the overseas market,” he said. Even as newspaper publishers grapple with the fallout from the digital revolution and figure out the long-term impact - younger readers, for example, who are more comfortable getting their news off the web or social media - Mr. Garneau said he's confident that “print is not going to disappear.” He also said Abitibi is keen to buy newsprint and coated paper assets, but “only if the right opportunity arises perhaps FBK
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Myth - that was good - first laugh of the day and a valid arguement to boot :D - might have to add to my already substantial postion
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looks like the entire mangement team is buying now - did someone give them a nudge or are they reading this board? is there light at the end of the tunnel? Nov 15/10 Nov 15/10 Benoit, Jean-Pierre Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $1.030 Nov 15/10 Nov 15/10 Paradis, Dany Direct Ownership Common Shares 10 - Acquisition in the public market 6,700 $1.050 Nov 15/10 Nov 12/10 Paradis, Dany Direct Ownership Common Shares 10 - Acquisition in the public market 3,300 $1.020 Nov 12/10 Nov 12/10 Ducharme, Patsie Liette Direct Ownership Common Shares 10 - Acquisition in the public market 23,600 $1.040 Nov 12/10 Nov 12/10 Ducharme, Patsie Liette Direct Ownership Common Shares 10 - Acquisition in the public market 1,400 $1.030 Nov 11/10 Nov 11/10 Côté, Pierre Gabriel Direct Ownership Common Shares 10 - Acquisition in the public market 9,000 $1.040 Nov 11/10 Nov 11/10 Côté, Pierre Gabriel Direct Ownership Common Shares 10 - Acquisition in the public market 16,000 $1.050 Aug 12/10 Aug 11/10 Côté, Pierre Gabriel Direct Ownership Common Shares 10 - Acquisition in the public market 18,300 $0.970
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well finally some mangement buying of shares Nov 12/10 Nov 12/10 Ducharme, Patsie Liette Direct Ownership Common Shares 10 - Acquisition in the public market 23,600 $1.040 Nov 12/10 Nov 12/10 Ducharme, Patsie Liette Direct Ownership Common Shares 10 - Acquisition in the public market 1,400 $1.030 Nov 11/10 Nov 11/10 Côté, Pierre Gabriel Direct Ownership Common Shares 10 - Acquisition in the public market 9,000 $1.040 Nov 11/10 Nov 11/10 Côté, Pierre Gabriel Direct Ownership Common Shares 10 - Acquisition in the public market 16,000 $1.050
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Now I am not sure I am reading this right but it appears to me that FFH / Prem sold a substantial postion in SD - from a link in SD message board - Correct? Hamblin Wasta http://moneycentral.msn.com/ownership?Symbol=SD Institution Name Shs Held Shs Chg %Chg $Chg* %Out %Port Rpt Date Thornburg Investment Management, Inc. 16,573,297 6,037,094 57.3 15,493,559 4.1 0.5 06-30-10 Mount Kellett Capital Management, LP 13,265,507 0 0.0 -24,806,498 3.3 27.3 06-30-10 Ares Management LLC 10,000,000 0 0.0 -18,700,000 2.5 8.8 06-30-10 Vanguard Group, Inc. 7,206,508 1,504,294 26.4 -1,893,106 1.8 0.0 06-30-10 Owl Creek Asset Management, L.P. 7,085,900 7,085,900 100.0 41,310,796 1.7 1.6 06-30-10 BlackRock Institutional Trust Company, N.A. 6,017,856 198,423 3.4 -9,725,534 1.5 0.0 06-30-10 Alpine Associates L.P. 5,752,579 5,752,579 100.0 33,537,536 1.4 2.0 06-30-10 Wallace R. Weitz & Company 4,662,700 4,662,700 100.0 27,183,540 1.2 1.5 06-30-10 Sound Energy Partners, Inc. 4,135,900 -1,959,500 -32.1 -22,822,284 1.0 2.5 06-30-10 Jennison Associates LLC 4,021,725 60,325 1.5 -7,056,123 1.0 0.0 06-30-10 [b]Hamblin Watsa Investment Counsel Ltd. 3,926,600 -2,600,000 -39.8 -27,362,742 1.0 1.0 06-30-10 Wellington Management Company, LLP 3,601,380 -567,020 -13.6 -11,100,635 0.9 0.0 06-30-10 Addison Clark Management, L.L.C. 3,310,023 276,809 9.1 -4,058,314 0.8 4.6 06-30-10 Renaissance Technologies Corp. 3,140,086 3,140,086 100.0 18,306,700 0.8 0.1 06-30-10 Champlain Investment Partners, LLC 2,626,995 63,780 2.5 -4,421,375 0.6 0.5 06-30-10
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nice to finally see some price move to the upside - following the market or moving onit's own merit?
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2nd abnomally high trading day in the last 2 weeks - end of quarter - postioning for upturn? let's hope - really long FBK gordoffh
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These results are pretty much as expected and you could have done the same calculation that you are doing now weeks ago I can't say that these results were expected - the last 2 quarters had the same expectations but failed - this is finally a result that might unveil the promise we have hoped for - ok maybe expected but never materialized
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we have some insider purchases recently - I trust this is positive May 21/10 May 21/10 Paradis, Dany Direct Ownership Trust Units 10 - Acquisition in the public market 10,000 $1.310 May 21/10 May 20/10 Côté, Pierre Gabriel Direct Ownership Trust Units 10 - Acquisition in the public market 25,000 $1.390
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More news from our friend from stockhouse - SFK hold well today when the market were horribel, maybe that's the reason. Watch the stock next week after the result, it should be great too. By the way, the shutdown at St-félicien mill is doing great, just a bit delay, production should restart Thursday (somewhere during the day). It's gonna be a very fast start because they didn't empty the tanks at the bleaching section, everything is still full of pulp, ready for the pulp machine. Last chance to accumulate before the next run.
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Yes I have added around 25 % to previous postion in the 1.90 range. I have bought stock from the high 2's down to .23 cents and now back up. I sincerely hope that we do not get a repeat of the last quarter announcement. A CFX type quarter would be appreciated. The BNN report and reccommendation convinced me that there was a lot more upside to this play so I added although I am seriously overweight. Major concern was an overall market crash and yesterday was a little disturbing.
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The story is getting around - Making the business news programs http://watch.bnn.ca/commodities/april-2010/commodities-april-20-2010/#clip291477
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FWIW From Stockhouse Found it interesting posted April 7th disclosure long Hi SFK fellows !!!! This stock is underevaluated. Let me give you the numbers for Q1. Thrust me, I have worked at the St-félicien mill for 2 years as a student and my father worked there for more than 30 years now (since the opening in 1978). I have discussed with him during Easter holiday at St-Félicien. Note: those numbers and facts are only for the St-Félicien Mill - Average Production was 1000 tons/day for almost everyday during the Q1 (lets say 28 days x 3 months) = 85 days x 1000 tons = 85 000 tons. - Average sell price was around 900 $/ton (will easily reach 1000 $/ton this year according to him) - Production Cost around 600 $/ton = 300$ profit per ton x 85 000 tons = 25 500 000 $ profit for Q1. This is without the inventory. Inventory was 70 000 tons last year during summer and are now less than 10 000 tons. Storage places are almost empty, everything is sold. I suspect that they will had some profits from those sells in Q1 results. The regular spring shutdown will be shortened to only 4 days to minimize the impact on production. The demand is too crazy. Workers overther expect the share price to reach 4 $-5$ by the end of the year. With the new compagny to be created (Fibrek Inc.) management will obviously try to make the SP reach this level to offer some more shares on the market and raise money. The ultimate goal here is to by some sawmill and be self-sufficient in wood chips. Right now, they buy wood chips to Abitibi-Bowater at high prices. Good luck
