Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 8, 2010

Article Excerpt

FORTRESS PAPER, $42.27, symbol FTP on Toronto, has entered into agreements to supply dissolving pulp to two companies that make rayon products in China. Dissolving pulp is a type of cellulose mainly used in products made of rayon, including clothing. This fibre has strong growth prospects, particularly in warmer regions with growing economies, such as Asia and South America. Fortress will begin supplying dissolving pulp from its specialty cellulose mill in Quebec in the third quarter of 2011. This mill, which should start up in mid-2011, is expected to be able to produce more than 200,000 air-dried metric tons of dissolving pulp per year. The Chinese contracts are for a total of 84,000 air-dried metric tons per year for five years. Dissolving-pulp prices are high right now, and these deals will help Fortress lock in those prices. Fortress Paper is still a buy. DUNDEEWEALTH INC., $15.11, symbol DW on Toronto, manages investments and operates a brokerage business. The company also owns the Dynamic…