Topic: How To Invest

What are your feelings about Fortress Paper? Thanks for your advice.

Article Excerpt

Fortress Paper Ltd., $16.55, symbol FTP on Toronto (Shares outstanding: 10.2 million; Market cap: $169.4 million), is an international specialty paper producer. The company gets 62% of its revenue by making non-woven wallpaper-base products, as well as graphic papers and other specialty papers. It makes these products at its Dresden mill in Germany. The remaining 38% of its revenue comes from security paper used in banknotes, passports and visa statements. Fortress makes security paper at its Landqart mill in Switzerland. Non-woven wallpaper base contains a certain proportion of synthetic fibres. These fibres give the wallpaper base a number of unique characteristics. One of the most important is easy removal, because the base is easily stripped off when it is dry. As well, non-woven wallpaper base is very stable, and does not expand and contract as much as traditional wallpaper-base products. That prevents noticeable seams when the wallpaper dries. In addition, paste can be applied directly to the wall when non-woven wallpaper…