TITLE

Tembec Bonds Tumble Ahead of Earnings

AUTHOR(S)
Freed, Dan
PUB. DATE
January 2006
SOURCE
Investment Dealers' Digest;1/23/2006, Vol. 72 Issue 3, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the bond prices of Tembec Inc., a Montreal-based forest products company, has declined. It has been predicted that Tembec Inc. will miss semi annual coupon payments: $21.25 million on February 1, 2006 and $13.56 million on March 15, 2006. Tembec's problems are far from unique among Canadian forest products companies. A five-year-old trade dispute with the U.S. over lumber tariffs has also created problems for Tembec. Declining demand for pulp and paper is another important factor affecting Tembec and other paper producers in Canada and through the world.
ACCESSION #
19511966

 

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