AbitibiBowater, Inc. (fka ABWTQ)

[KFC44]

Tropical Storm -- impact for all of us (revised)

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I hope the moderators let this one stand (below link). Excerpt Only.

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Think BP, Think Asbestos

By Jim Cramer
RealMoney Columnist
6/22/2010 11:35 AM EDT
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Is it time to start thinking about BP's (BP - commentary - Trade Now) bankruptcy? There is an incredible belief that somehow the firm's cash flow of almost $7 billion a quarter is enough to get them through this.

The above excerpt from Jim Cramer deals mostly with BP. But given, that traders are now talking about naked shorting BP, because of the greater potential for BK, there are many similarities with Abitibi-Bowater.

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The Perfect Storm -- lower demand for Newsprint (recession), higher Canadian Dollar -- cross border financial issues from 2 separate accounting systems and lower Lumber Prices.

For BP -- what if crude suddenly falls to $40 -- good for Industries that rely on Fossil Fuels, but bad for Crude Producers.