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Re: It has been a pleasure with you longs!      5-Nov-09 11:27 am    
Smart move Deano.

I got out last month after a number of contacts in the industry told me the outlook for this business is not very encouraging.

You simply have to read the company earnings announcement for confirmation.

The three key measures are:

1.) Net Sales dropped from $485.4 million to $394.7 million!

2.) Operating Income dropped from $46.2 million to $7.4 million!

3.) Net Loss (before windfall of alternative fuel tax) of $18.1 million, compared to Net Income of $19.7 million!

Its time to take the rose colored glasses off and face reality.

The Obama administration has just been sent a loud message from the elections earlier this week that Americans are fed up with all the government give away programs.

The alternative fuel tax could cost the government up to $24 Billion, if left alone. Don't be surprised if we hear the White House announce they will push to eliminate this program, thereby SAVING $24 Billion that will be applied against the cost of the new Health Care plan that it is pushing for passage before the end of this year. Now how is that for slight of hand?

Good Luck!

Yank
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  Subject Author Rating Time of Post (ET)  
 
It has been fun riding this stock from about 32 cents. ...
deanhan1 (1 Rating) 5-Nov-09 10:00 am  
 
see ya dean, been nice having yo aboard...I will h...
gtols5 Rate it 5-Nov-09 10:02 am  
 
WELL YOU'LL MISS THE PARTY WE PLANED FOR YOU.
tucsonlight... Rate it 5-Nov-09 10:03 am  
 
Re: It has been a pleasure with you longs!
wallstyank Not rated 5-Nov-09 11:27 am  
 
Wally, wally, wally, where is your brains? Of...
gtols5 Rate it 5-Nov-09 02:47 pm  
 
Wally - you said it more eloquently than...
apapermaker Rate it 5-Nov-09 07:51 pm  
 
and by the way, Wood Chopper....you thin...
apapermaker Rate it 5-Nov-09 07:55 pm  
 
Not entirely an edorsement, no. I h...
gtols5 Rate it 6-Nov-09 07:08 am  
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Verso Paper Corp. (VRS)

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