tag:blogger.com,1999:blog-6615285628064623043.post500210713445117923..comments2024-03-28T21:28:13.555-10:00Comments on Dead Tree Edition: Which of These 4 Print-Related Giants Is Headed for Bankruptcy? Cast Your VoteD. Eadward Treehttp://www.blogger.com/profile/01300353143826844617noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6615285628064623043.post-57494507059292181622012-01-24T15:25:19.474-10:002012-01-24T15:25:19.474-10:00Verso will not go bankrupt.I believe they are fast...Verso will not go bankrupt.I believe they are fast and furiously getting out of the coated market and turning to more specialty grades and food grades that will be around for many years to come. .The organization is managed very well and have invested heavily in their viable operations,not only equipment but also the power generation.I have invested in this company and think others should as Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-48417683680118041342012-01-24T09:18:39.180-10:002012-01-24T09:18:39.180-10:00It will be more likely that Verso Paper will go ba...It will be more likely that Verso Paper will go bankrupt than any of the others by virtue of the fact that it is a paper company. As more and more consumers switch to digital media, the need to use paper will decline. As for USPS going bankrupt, Congress will be forced to bankroll it no matter what because there will always be a need for a public delivery service to areas that the other services Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-45099034121430447432012-01-24T06:44:37.243-10:002012-01-24T06:44:37.243-10:00I think Verso survives very well. Sutton said abo...I think Verso survives very well. Sutton said about 400-600k of paper capacity in NA needed to be taken out. Port Hawkesbury of NP was mothballed, Stern Partners is still in negotiations to buy it. PH produced about 350k+ of supercalendared paper which is currently off line. Stern plans to run it but they need to get a good power contract and other concessions from the province before this isAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-34036518005459942472012-01-24T06:01:28.814-10:002012-01-24T06:01:28.814-10:00I am like the Old Journeyman; I have been in the p...I am like the Old Journeyman; I have been in the printing industry for 37 years. Been there done that. Printing in general is in big trouble! Will it survive? Yes in some form but the printing big boys are in trouble. They are going around buying smaller companies to make the bottom line "look" better. This will work for a while but it will catch up to them soon! I am hoping that Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-65205184723416636072012-01-23T12:36:16.322-10:002012-01-23T12:36:16.322-10:00I sometimes wonder about all of these "indust...I sometimes wonder about all of these "industry insiders predict" articles. There was an excellent article in the NY Times recently about Esquire Mag and the fact that the boys at Wall St. 24/7 had them on their list of "brands" that would disapear in 2009. I looked at the list. Some of the brands did disapear, in 2011. Most of the brands, however, are still alive. <br /><br /Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-77601898328645950412012-01-22T03:33:48.577-10:002012-01-22T03:33:48.577-10:00Who told you that Congress is REQUIRED to establis...Who told you that Congress is REQUIRED to establish a post office? Read the constitution. It says<br /><br />The Congress shall have Power To ...<br />To establish Post Offices and post Roads<br /><br />This is not a requirement. I am disappointed that you pretend to quote the Constitution without reading it.Garynoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-50113086043981106862012-01-21T11:24:14.287-10:002012-01-21T11:24:14.287-10:00Have to agree about Rumford - they need capital fo...Have to agree about Rumford - they need capital for long term viability which NP will not be giving them - of course, when they are shutdown, the state of maine will give them breaks enough to survive short term under some guise (can you say millinocket), but life as they know it is coming to end in Rumford...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-43976914104482010262012-01-20T23:34:12.410-10:002012-01-20T23:34:12.410-10:00The wood basket in maine is a problem ,especially ...The wood basket in maine is a problem ,especially when competing against Sappi,Verso,Domtar....ect,but I dont think its as big a problem as the rumford mills age and lack of upgrades.Very old machines will not compete against the much larger and more efficient machines that newpage and Verso have in their portfolios.If you read N.P schedules and statements it will show you how poorly the rumford Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-85010188373822810462012-01-20T16:31:19.625-10:002012-01-20T16:31:19.625-10:00I agree that the postal service will never truly r...I agree that the postal service will never truly reach bankruptcy in the sense we know it now, but restructuring is inevitable. Unfortunately no one in the 2012 congress will have the ability to make the necessary moves. Apollo will keep Verso afloat this year, if only to have a play in the post-New Page world - some combination of these two groups will be the eventual endpoint. <br />B&N Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-6816657545616772022012-01-20T16:25:02.246-10:002012-01-20T16:25:02.246-10:00I buy my books and magazines from Amazon and read ...I buy my books and magazines from Amazon and read them on my Kindle and IPad. I can enlarge the type and photos to make it easy on my aging eyes. I grew up in the age of the composing stick and the flatbed Letterpress and moved on to photocomposition and indesign. Now is the best of times for readers and things will only get better. My money is on B&N to close its doors in 2012.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-64295397039477284972012-01-20T15:32:51.368-10:002012-01-20T15:32:51.368-10:00I work at Rumford. It is one of the most efficient...I work at Rumford. It is one of the most efficient mills in its portfolio. However it does have high fiber costs due to fierce competition for open market wood from SAPPI and Domtar (Windsor QUE) in what was a traditionally cheap woodbasket( northern/central VT)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-44984581378751420682012-01-20T07:34:10.524-10:002012-01-20T07:34:10.524-10:00The Postal Service is not going to go bankrupt and...The Postal Service is not going to go bankrupt and should not even be discussed in those terms. It is well documented that the financial problems experienced by the Postal Service are directly attributable to mandates placed upon by Congress rather than a failure of operations.<br />There is a real danger that the actions of the institutions management will undermine the value of the postal Mark Jamisonnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-13147986829713776102012-01-20T05:45:21.458-10:002012-01-20T05:45:21.458-10:00I see B&N being next in line.
As for NewPage ...I see B&N being next in line.<br /><br />As for NewPage only having low cost mills left, I thought Rumford was one of the highest cost mills in its organization?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-23415709607499331382012-01-20T03:18:33.231-10:002012-01-20T03:18:33.231-10:00I have been in the paper and printing business for...I have been in the paper and printing business for over 47 years and understand the challenges we face from technology and the impact on our industries. What I do not understand is our industries' feeble response to the environmentalists. Abundant Forests was a failure and PAPER because will probably follow suit along with Two Sides. Certifications (FSC, SFI, PEFC) do nothing to slow the Old Journeymannoreply@blogger.com