GrahamSome commentsMy view re PXU divs has not changed. While...

Graham

Some comments

My view re PXU divs has not changed. While PPX paying PXU divs in the short term may be possible it might cause iisues with bank covenants at the margin.

If the management of PPX are to turn it around it is probably in everyone's best tnterest not to resume PXU divs until PPX is on a sound profitable basis. I gather Anrew Price thinks he can do it over 24 months. At that point one could assume PXU divs would resume on a long term basis in which case the SP should rise. The alternative may be a few divs then a complete loss.

I agree with Finch2 re Kodak. With the advent of digital cameras the demand for Kodak's main products is close to zilch and they appear to have been left behind in digital though they do own some useful patents. On the other hand the demand for paper while reducing will not go away and PPX if managed properly can be a successful business for many a year.