SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul Senior11/20/2006 4:00:34 PM
  Read Replies (3) of 78740
 
Abitibi-Consolidated, Inc. "engages in the production and marketing of newsprint and commercial printing papers...". With newspaper readership down in North America (maybe Europe too) with info. feeds on the internet, it's no surprise this stock has become a cigar butt.

Still, from its website, ABY seems to have some assets and maybe can learn to restructure/redeploy them if there's been a fundamental shift in demand for its chief products: "serving clients in some 70 countries from its 45 operating facilities. Abitibi-Consolidated is among the largest recyclers of newspapers and magazines in North America, diverting annually approximately 1.9 million tonnes of waste paper from landfills. It also ranks first in Canada in terms of total certified woodlands."

Third Ave. Fund has taken a position. They apparently like the possibility that ABY could pick up market share if/as weaker players exit the business. (ABY itself though looks like it might be one of the weak players to me -g-). Franklin and Mainstay are holders too: these guys tend to be value buyers.

D/e is a not-good 1.6x. P/sales is a relatively low .24, and the company trades at 1/2 stated book value.

Worth a buy to me for a few shares within a very diversified portfolio.

finance.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News