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ABH.N

ISIN: US0036871004
SEDOL: B28VMG8

Rating:

HOLD

Target Price:

0.30 USD

Investment Horizon:

6 to 12 months
17th Apr 2009 View Report   Download

Company News Alert

On 16 April 2009, AbitibiBowater Inc. (AbitibiBowater) announced that it, along with some of its US and Canadian subsidiaries have filed for Chapter 11 bankruptcy protection, following its failure to repay or refinance its debt. As a result, we are suspending our ratings until plans to restructure the company are unveiled. The Canadian stock was delisted from the Toronto Stock Exchange on 16 April 2009; therefore, we terminate our coverage of the Canadian stock....

12th Mar 2009 View Report   Download

Company News Alert

The AbitibiBowater Inc. (AbitibiBowater) NYSE common stock price has appreciated significantly in recent days, reflecting positive reaction to reports that the company is close to finalizing a deal to sell some of its assets and pay down some of its debt. However, we continue to believe that the company’s near-to-medium term…

4th Mar 2009 View Report   Download

Company News Alert

AbitibiBowater Inc. (AbitibiBowater) has announced that it expects to report an operating loss of US$228 mn-US$238 mn in 4Q 08, primarily due to certain impairment charges. Considering this, as well as the likely impact on future earnings of the downturn in the paper industry and the company’s huge debt burden, we maintain ...

8th Jan 2009 View Report   Download

Company News Alert

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AbitibiBowater Inc.’s (AbitibiBowater) NYSE common stock price has appreciated significantly since our 3Q 08 update report, reflecting positive investor reaction to the company’s aggressive debt refinancing and lower energy costs. However, despite a decline in energy related costs, which is expected to reduce operational costs, we continue to expect a slump in paper demand and significant debt obligations to negatively impact…

18th Dec 2008 View Report   Download

3Q 08 Update Report

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AbitibiBowater, Inc. (AbitibiBowater) reported disappointing 3Q 08 results, with earnings, falling well short of our as well as consensus estimates on account of high cost pressure and interest expenses. Revenues increased sequentially due to higher shipments and price realization. Despite a decline in energy related costs from the previous high levels, and other raw material costs, lower price…