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Mercer International Inc. (MERC) Message Board

  • lookoutnow_99 lookoutnow_99 May 1, 2013 11:31 AM Flag

    Another Q , another same old song ?

    It looks like the insiders just got the word of the poor Quarterly release for tomorrow with the stock trading down sharply today. 10+ years and nothing for the shareholders but I know you will be comforted knowing the CEO made $5 million last year - for what added value?

    We will know soon. Hopefully we will at least get a cash flow statement to see if there is any. I like to see GAAP accounting reports as well. Some like to pretend that interest is not a real expense and that depreciation isn't cash. Depreciation does represent a real cost of business operations especially in a capital intensive company since the equipment doesn't rebuild itself over time.

    Of course, Mercer reports always emphasis EBITD as it tends to overstate earning potential (or in their case reduces the loss). NBSK prices have been very good the past few months but when you are discounting price by 20% or more from list it doesn't help much either...

14.43-0.09(-0.65%)Apr 24 4:00 PMEDT