$VRSZ - Trading at BK-like pps. The argument to be made:
Company was hurt in 2015 by cheap imports. The specialty paper coalition won their case before the International Trade Commission. This week we should be getting an announcement that a 'countervealance' will be enforced by Dec. 4th via the US Dept. of Commerce. That will address the cheap imports issue.
Last Q $VRSZ evidenced a 123% increase in sales- sales that came in at $782 mil. That was largely the result of their NewPage acquisition being included in the quarter.
So...here's the deal...with less domestic competition due to competitor plant closings, cheap imports getting addressed and the impact of their recent acquisition strengthening their bottom line, it's now on the hands to the creditors to decide whether to work with VRSZ to resolve their debt issues. All they need is time. With VRSZ's bonds trading at .30-cents on the dollar, I would like to think that the confluence of these factors will result in the bond-holders demonstrating some flexibility as it becomes evident traction lies up ahead.
That said, even in the absence of 'flexibility', VRSZ has additional options available to manage their current challenges. No way should this be trading where it is...suspecting it wont be for long!
Thus...this, IMO, is the time to buy. I like bottom-fishing! Odds here are in my favor! ;-)