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ssccq smurfit stone container
This company in chapter 11. In light of the recent surge in other cylical forest products stocks any one have any thoughts on the potential of this very cheap paper company stock?
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Permalink Reply by billhart22 on -
They are actually a very large company with 10 plants in the U.S. and two in Canada. I own some. The reason they are where they are at is because they couldn't get credit during the crunch. Since that time they are getting DIP funds (you can find this info on their website). Also it is worth calling their investor relations office and ask all the questions that you want about their restructuring.
Lack of credit to keep on producing was their biggest issue. They told me that they expect to be back fully in gear within a year or two at the latest, but please verify this with them.
The stock doesn't move much, but I have noticed in the last couple of days there has been an increase in people buying shares.
They are a very real company.
Hope this helps.
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