Buffett's Secret to Become Rich In her excellent biography on Warren Buffett entitled "The Snowball", Alice Schroeder finally reveals the secret behind the success of multi-billionaire from Omaha! His...
The Subtleties of the P/E Ratio The price / earnings ratio is probably the most famous and most used financial ratio in the investment world. It is calculated by dividing the price of a stock by its earnings...
Fortress Paper 1. Description Fortress Paper (FTP - TSX) is a Vancouver company that specializes in the production of security papers (banknotes, passports, visas) and non-woven wallpaper...
The Thirties The high government debt load and monster budget deficit are scaring many people right now. This is unquestionably the number one fear of investors and the argument most...
Warren Buffett and You Warren Buffett has bought a few weeks ago all the remaining shares of the Burlington Northern Santa Fe Railroad that it did not already own. As we could expect, stocks of...
Chadwick Wasilenkoff with the purchase of the paper mill in Thurso, is not the only British Columbia businessman to make contrarian investments in Québec. On March 29, 2010 (just 11 days after the Thurso transaction), it was the turn of fellow B.C. entrepreneur Rick Doman to buy assets in Québec that nobody seemed to want …
Last June, the CEO of Fortress Paper, Chad Wasilenkoff, appeared before a Canadian Senate committee to explain its various business projects. This group of senators seeking solutions to the problems of the forest industry were very impressed with his presentation. In my opinion, this is the best explanation I have read about the activities of Fortress Paper. I want to thank Eddie Chandonnet, a reader of this blog (and experienced investor) for his discovery of this document.
Investing in stocks is often a solitary sport where independent thinking is a valuable quality. This does not mean that our success depends to 100% of our ideas. Fortunately for us, there are brilliant investor, with an incredible talent for wealth creation and who are little known to the public (this is not an article on Warren Buffett). The beauty of stock markets is that they allow us to partner with such a specimen when we finds one. What’s easier than buying some shares and then leave it to our “new partner” with the task of working heart and soul to our enrichment!
1. Description Fortress Paper (FTP - TSX) is a Vancouver company that specializes in the production of security papers (banknotes, passports, visas) and non-woven wallpaper (the wallpaper that peels off easily). Although the company is Canadian, all of its operations are located in Europe. The production of security papers is done at the Landqart mill in Switzerland and the wallpaper production takes place at the Dresden mill in Germany. The company was created from scratch in 2006 by canadian businessman Chad Wasilenkoff when it took advantage of the rationalization of a company called Mercer International to purchase the paper mills of Landqart and Dresden.