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Mercer International Inc. (MERC) Message Board

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  • peter_norths_proctologist peter_norths_proctologist Jun 2, 2011 5:11 PM Flag

    TODAY'S DROP TOO DARN MUCH [IMHO]

    "...I added some the day before eps and thought they would do good anf they did but sinre then its trading weird."

    I'm not sure what the catalyst will be that gets this stock rolling again. Last quarter's good earnings report and good outlook wasn't enough to attract a swarm of investors. The company did all that was expected and more. NBSK price trend continues to cooperate big time, although weak US dollar dampens the benefit. It seems to me that all their cards are on the table in plain view, yet the market is content to hang a low valuation on this stock. What will it take to kick start it? Does NBSK price have to go to $1,200/ton? $1,300/ton? $1,400/ton? You know last year, if I had told you I had a crystal ball that forecast NBSK firmly over $1,000/ton by June 2011, you'd say this stock would easily be over $15 and probably closer to $20. So here's the question... What happened?

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    • Consider this:

      When the group of VP insiders sold stock in early March, they mostly sold at prices well above today's shareprice, and yet NBSK was $50/ton LESS in March compared to today. In other words: those insiders guessed wrong on the short-term NBSK, and yet they were still rewarded with a better exit price than we would be today. Is that just a random inverse coincidenece? Or is something intrinsically problematic at the company?

 
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14.92+0.03(+0.20%)Apr 17 4:00 PMEDT