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Bowater or Bowlegged

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December 08, 2006 – Comments (0)

I was zooming around Fooldom this morning and clicked when I hadn't intend to. Next thing I know, I'm at a page showing a stock that nobody liked. Of the 15 folks playing the stock, 13 figured it was going to underperform the S&P.

That sort of caught my eye. Maybe because I like a challenge, or maybe because it just seemed strange, I don't know, but as soon as saw so many didn't like the stock, I was hooked!.

Here's a stock that nobody likes, trading at about $22. The company, Bowater, Inc. (NYSE: BOW) has a decreasing cash position, an increasing receivables position, an increasing inventory, a large chuck of Goodwill worth squat, increasing payables, increasing long term debt, negative cash flow, increasing sales and cost of sales, and, the best part..rebounding net income.

Hmmmm. This could be fun.

Wax

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