AbitibiBowater, Inc. (fka ABWTQ)

[SilentMinority]

Reason for optimism

As we head into the weekend, there is some good reason to be opportunistic. I heard the judge speaking specifically to issues raised by ergodoc's pleading when addressing the debtor. We thought that perhaps there was some jabs at ergodoc's position towards lunch, but as the day unfolded, I think that this was likely aimed in a different direction. There is also scope to understand that the judge is specifically giving good consideration to some of ergodoc's points (i.e. they will not being dismissed lightly).

This is by no means a slam dunk. Shareholders have not benefited from legal counsel that can address related court cases or find other useful foils for the cause. Keep in mind also that the goal of the process is to get a Plan confirmed, and so unless there are compelling reasons to throw the Plan out the window, the judge will seek to confirm--particularly if the act of not confirming does more harm than good.

Having said all that, I think we've put our best foot forward through some great presentations and all should be eager to see what Tuesday brings. Until then, have a great weekend!