ForestTalk - Latest comments on Financials - Abitibi Consolidated vs. Bowater

pulperpete [Member] in response to: Financials - Abitibi Consolidated vs. Bowater

pulperpete [Member] — Mon, 23 Nov 2009 20:12:33 +0000

Doctorblade, you hit it right on the head. There were alot of golden parachutes given to the Bowater folks when this merge took place and the shareholders got thier buyouts at value before the merge plummeted thier worth. Now the divorce starts and we all know who gets hurt, the kids or in this case the workers. As Abitibi crashes and Bowater comes out of Chapter 11 the top hogs at Abitibi will be getting thier golden parachutes and the workers and pensioners will be ripped off again. Wonder when the top dogs at the CEP will realize whats going on, probably after they have sold the farm.

roger [Member] in response to: Financials - Abitibi Consolidated vs. Bowater

roger [Member] — Sat, 21 Nov 2009 02:37:47 +0000

Ok...doctorblade...fill me in. Obviously there's a rumour from your end that I have yet to hear. Something about a split????....divorce maybe???

disgruntled [Member] in response to: Financials - Abitibi Consolidated vs. Bowater

disgruntled [Member] — Fri, 20 Nov 2009 23:03:51 +0000

don't leave out the BEER store,,,lol

neebing [Member] in response to: Financials - Abitibi Consolidated vs. Bowater

neebing [Member] — Fri, 20 Nov 2009 21:51:19 +0000

""Thank god for Metro grocery stores, otherwise,where would "we" get out info from?""

ROTFLMAO

nota bene: between the Met and the liquor store!!

doctorblade [Member] in response to: Financials - Abitibi Consolidated vs. Bowater

doctorblade [Member] — Fri, 20 Nov 2009 19:10:22 +0000

Maybe there is some "truth about that rumour" that Abi-bow will be split up after all.(why the different financials??)
I wouldn't doubt this whole "Abi-bow merger/BK" was a set-up just to pay off the "big boys,screw the workers/contractors and relinquish on paying debt"!
Just curious,has anyone at the TBay plant heard any new info on the turbine project?What would be the sense in spending millions on this endeavour(mainly needed for print operations) IF the paper machines are "toast".Rumour has it that #4pm will NEVER restart so why spend 50 million for just #5pm??
Thank god for Metro grocery stores, otherwise,where would "we" get out info from?