Long story short, everything that could go bad went bad. Company is now burning throught cash, taking debt, talking about buying more and more mills and the market price for DP is dropping like a rock in a no-bottom pool.
Chad may have great ideas but he had a major execution problem on this one. He was too aggressive in currency printer conversion and mill conversion/purchase.
If he manages to get out of this pool, I may get back in. Until then, I’m out of Fortress losing an average of 70% of my initial capital.
Too bad I got in excited by Chad’s pink view of the future. Lessons-learned #2. Buy on actual not estimates.
Disclosure : none.
