GTP’s business was 100% forestry just ~3 years ago, but not any more.
Last year’s forestry (pulpwood) revenue was ~$300m (the same as the year before) vs. non-forestry $150m (with a dramatic increase from ~$50m). So about 33% was non-forestry.
This year (2007) the forestry part is expected to remain the same ~$300m and the non-forestry part to double to ~$300m, so the 2 parts would be 50-50, NOT only 10% in non-forestry.
The recent regulatory change just snapped the most fast expanding part of GTP business away and left with the part GTP otherwise unwanted.
Be very very very careful with GTP’s announcements!
GTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
