CTL (tsx) has been added to my top pick speculative plays.
They have announced today a major 200M$ loss BUT at the same time their quarter is a lot better than Q2. With a bit of luck they could have ended up break even.
Q4 is normally a strong quarter for CTL and i am now wondering what was the real reason to write off their mill COMPLETELY on Q3 instead of Q4??? (as normally companies would do to clera the numbers for the coming year)
Their results altough not totally impressive, were in the right direction and unless they totally miss their Q4, they should come out with a small profit in Q4.
This is their last presentation and it is absolutely interesting (in regards of the facts)
http://www.catalystpaper.com/sites/default/files/2011-11-14earnings-prest_0.pdf
Time will tell but at this level (0,075) i am a buyer. Risk is very low and possibilities are great: take over, profit margin increases etc. You can probably mention 10 more.
I was a buyer at 0,25, was still at 0,15 and now at this bargain price i will definitely reduce my average cost a lot.
As usual do not invest more than you can afford to lose and always do your own DD before investing
They have announced today a major 200M$ loss BUT at the same time their quarter is a lot better than Q2. With a bit of luck they could have ended up break even.
Q4 is normally a strong quarter for CTL and i am now wondering what was the real reason to write off their mill COMPLETELY on Q3 instead of Q4??? (as normally companies would do to clera the numbers for the coming year)
Their results altough not totally impressive, were in the right direction and unless they totally miss their Q4, they should come out with a small profit in Q4.
This is their last presentation and it is absolutely interesting (in regards of the facts)
http://www.catalystpaper.com/sites/default/files/2011-11-14earnings-prest_0.pdf
Time will tell but at this level (0,075) i am a buyer. Risk is very low and possibilities are great: take over, profit margin increases etc. You can probably mention 10 more.
I was a buyer at 0,25, was still at 0,15 and now at this bargain price i will definitely reduce my average cost a lot.
As usual do not invest more than you can afford to lose and always do your own DD before investing
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