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Gold/Mining/Energy : Repap (RPAPF)
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To: eyewatch who wrote (308)12/24/1998 9:22:00 AM
From: Dennis Latchum  Read Replies (1) of 485
 
There is starting to be an influx of imported coated paper, something which has not been a factor. As long as the dollar remains strong this will continue to be a problem. Asian banks are now in a position to lend money to businesses. This means for the first time since the Asian "meltdown" exporters who could not previously finance export operations now can. This group includes the paper business. I doubt the paper industry in general can initiate any price increases. Repap needs a price increase.

With the debt load and especially with the INCREASE in debt last 1/4 I can't see how REPAP can stay in business.

Repap is still consuming "raw materials" at the same pace they have been. They need to run at 120% rated capacity to make a buck. How long will this go on? Anyone have any information on inventory?

Dennis
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