FORTRESS PAPER $19.87 - Toronto symbol FTP

FORTRESS PAPER $19.87 (Toronto symbol FTP; TSINetwork Rating: Extra Risk) (1-888-820-3888; www.fortresspaper.com; Shares outstanding: 14.3 million; Market cap: $284.1 million; No dividends paid) has moved up over 20% since early June, mostly on a couple of positive developments.

First, Fortress’s facility in Thurso, Quebec, which it bought in early 2010, is now operating at 92% capacity. The pulp is meeting customer specifications, and shipments to China are increasing.

Second, the company’s Landqart banknote division in Switzerland has announced that a customer has reinstated a significant order that had been postponed. That should take up the excess capacity at the plant.

Fortress Paper is still a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.