Short sellers zero in on Abitibi in apparent bet on dividend cut
Article Abstract:
The rising Canadian dollar has contributed to a flurry of short selling as investors bet that Abitibi-Consolidated Inc.'s newsprint operations will cut its dividend. Abitibi-Consolidated has lost share value as short sellers put pressure on the company.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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Abitibi slashes dividend by 75%
Article Abstract:
Abitibi-Consolidated Inc. is reducing its quarterly dividend by 75% as it attempts to save cash. The company also issued a larger than expected financial loss warning for the 2003 second quarter.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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Abitibi posts 63% profit increase
Article Abstract:
Forestry company Abitibi-Consolidated Inc. has announced a 63% increase in first-quarter profit, despite higher energy costs and tougher market conditions.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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