SSCCQ - Smurfit Stone Container Corp. (OTCBB Stock)

[greencat]

SSCC if it breaks over the last high it should make a nice move. It is poised to make that move and I will be watching for a possible entry on it.


BUSINESS SUMMARY
Smurfit-Stone Container Corporation, through its subsidiary, Smurfit-Stone Container Enterprises, Inc., manufactures paperboard and paper-based packaging products in primarily North America. It produces a range of corrugated containers to protect, ship, store, and display products made to its customers? merchandising and distribution specifications. These corrugated containers are used to transport home appliances, electric motors, small machinery, grocery products, produce, computers, books, and furniture. The company also offers a line of containerboards, which are used primarily in the production of corrugated packaging; bleached northern and southern hardwood pulp, bleached southern softwood pulp, and fluff pulp, which are sold to manufacturers of paper products, including photographic and other specialty papers, as well as the printing and writing sectors; and Kraft paper used in consumer and industrial bags, grocery and shopping bags, counter rolls, handle stock, and refuse bags. In addition, it manufactures and sells a range of pizza boxes and corrugated clamshells for the food industry; and cordeck recyclable pallets and custom die-cut boxes to display packaged merchandise. The company was founded in 1968 and is based in Chicago, Illinois.


Share Statistics
Average Volume (3 month)3: 4,279,170
Average Volume (10 day)3: 4,252,680
Shares Outstanding5: 256.11M
Float: 254.19M
% Held by Insiders1: 5.40%
% Held by Institutions1: 85.50%
Shares Short (as of 12-Aug-08)3: 15.05M
Short Ratio (as of 12-Aug-08)3: 4.3
Short % of Float (as of 12-Aug-08)3: 5.90%
Shares Short (prior month)3: 15.36M

Income Statement
Revenue (ttm): 7.36B
Revenue Per Share (ttm): 28.678
Qtrly Revenue Growth (yoy): N/A
Gross Profit (ttm): 1.02B
EBITDA (ttm): 643.00M
Net Income Avl to Common (ttm): N/A
Diluted EPS (ttm): -0.43
Qtrly Earnings Growth (yoy): N/A


Balance Sheet
Total Cash (mrq): 9.00M
Total Cash Per Share (mrq): 0.035
Total Debt (mrq): 3.57B
Total Debt/Equity (mrq): 1.95
Current Ratio (mrq): 1.079
Book Value Per Share (mrq): 0


Cash Flow Statement
Operating Cash Flow (ttm): 164.00M
Levered Free Cash Flow (ttm): -98.13M

[Aufan 1983]

Watch this one today. Ru picked it yesterday and I bought in at 1.08 only to watch it fall to a close of .87.

After hours the company released earnings and they pulled off a miracle and turned a profit and also raised estimates for the 4th quarter.

This should explode today.... We will see

[thegreatgate]

What happened to Nortel yesterday looks to be happening to SSCC today. Down 75% to 9 cents in the pre-market:

Smurfit-Stone Container Corp. is Actively Exploring Bankruptcy
Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, is actively exploring bankruptcy, according to a media report Thursday.

The Chicago-based company, which owns timberlands as well as wood-products production facilities, recently engaged a law firm and financial adviser with expertise in bankruptcy filings, the Wall Street Journal said.

Specifically, Smurfit-Stone is seeking about $750 million in debtor-in-possession financing, the newspaper said. Also, the company advised lenders last week of its efforts to obtain debtor-in-possession financing.

A spokesman declined to comment on the report.

According to its third-quarter report, Smurfit-Stone has long-term debt of about $3.5 billion and yearly revenues of roughly $7.5 billion.

In December, Buckingham Research analyst Mark Weintraub warned that the company was at "significant risk" of having to refinance its "very substantial debt load" at "extremely unfavorable terms."

In aftermarket trading Wednesday, shares fell 47 percent, or 17 cents, to 19 cents - after closing at 36 cents in the regular session.

[Aufan 1983]

Originally Posted by thegreatgate

What happened to Nortel yesterday looks to be happening to SSCC today. Down 75% to 9 cents in the pre-market:

Hit a low of .05 which I missed but did buy 5k @ 07. If it goes back to 05 or less I will double down and hope for the best. Seems to be already trading at the bk price level.

[thegreatgate]

Smurfit-Stone Container Files For Bankruptcy Protection
January 26, 2009: 06:51 AM ET

Smurfit-Stone Container Corp. (SSCC) said Monday that its U.S. and Canadian units have filed for bankruptcy protection as the packaging and containerboard company looks to restructure its debt and improve profitability. The company had warned lenders earlier this month that it could file for bankruptcy amid weakening sales and a cash crunch. Chief Executive Patrick Moore said the company's performance hasn't reflected its potential "due to higher cost operations and burdensome debt levels dating back to the original formation of the company." Smurfit-Stone, like many other companies in financial distress, is heavily leveraged. It borrowed money for an acquisition and capital spending that have left it little room to navigate the recession. The company said Monday that it has commitments for $750 million in debtor-in- possession financing to fund its continuing operations. Moore said the company has been focused on improving operating performance as part of its three-year restructuring plan, saying operations were much more cost-efficient now. But, he said, "the acceleration of the unprecedented global economic recession has weakened demand for packaging, and the frozen credit markets have prevented an out-of-court refinancing of our capital structure." Earlier this month, all three major ratings agencies cut their credit ratings to highly speculative from speculative on Smurfit-Stone. One of the U.S.' largest makers of cardboard boxes, Smurfit-Stone is directly linked to consumer goods, with its cardboard wrapping goods including computers, high-definition television sets, pizzas and office furniture. In late October, the company told investors that higher prices for its paper and cardboard packaging would offset slower global demand. But the company reversed itself two months later, warning investors that fourth-quarter earnings would be "significantly lower" than the third quarter and that sales had dropped "dramatically." Both the U.S. and Canadian units filed Chapter 11 in the U.S. Bankruptcy Court, and the Canadian units will also file to reorganize under the Companies' Creditors Arrangement Act in Canada. Last year, the company closed a hardwood pulp mill in Quebec, a corrugated medium machine in Arizona and four higher-cost box plants. Smurfit-Stone said day-to-day operations will continue as normal. The company's shares closed Friday at 6 cents and haven't traded premarket. The stock has lost 76% of its value so far this year.

[Volatile22]

On a whim I averaged down and picked up a few more in the .03s. The Q should be added to the ticker soon and then hopefully a nice pop to .10 or more. I hate trading these pennies, but went for it on this one since its really only gone down since the BK announcement and roomers. Now they officially filed for chapter 11 and got the approval for debt relief in court yesterday.

I am not necessarily recommending it since its quite a gamble, but figured I'd bring it back up.

News today:

Smurfit-Stone Receives Court Approval for Critical First Day MotionsFont size: A | A | A5:38 PM ET 1/27/09 | PR Newswire
RELATED QUOTES


11:51 AM ET 1/28/09
Symbol Last % Chg
SSCC 0.05 39.09%
Quotes delayed at least 15 minutes

Smurfit- Stone today announced that the U.S. Bankruptcy Court in Wilmington, Delaware has granted the relief the Company requested in its "First Day Motions" filed in conjunction with its voluntary filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

(Logo: http://www.newscom.com/cgi-bin/prnh/...RFIT-STONELOGO)

The court issued a variety of orders on either a final or interim basis that will ensure that Smurfit-Stone continues to operate in a "business as usual" mode throughout the reorganization process.

The Company's Canadian subsidiaries have received similar relief under the Companies' Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice.

Smurfit-Stone has now received court authorization to, among other things: -- Utilize up to $550 million of the Company's new $750 million debtor-in- possession (DIP) credit facility on an interim basis. As customary, a hearing at which the Company will seek final court approval for the full amount of the DIP facility and other First Day Motions has been scheduled for February 23, 2009. -- Provide employee wages, reimbursements, health care coverage, vacation, sick leave and similar benefits without interruption; -- Honor customer obligations; and, -- Ensure the continuation of the Company's cash management systems and other business operations.
Patrick J. Moore, chairman and CEO, said, "The authorization we received from the court is an important and positive first step in our reorganization and allows us to operate in a business as usual mode. We are focused on providing our customers with quality goods and services. Smurfit-Stone intends to pay vendors in the ordinary course under existing terms for all goods and services received after the filing date. We are moving forward to restructure our debt and develop a capital structure more suited to support our long-term growth and profitability."

Smurfit-Stone and its U.S. and Canadian subsidiaries filed to reorganize under Chapter 11 on January 26, 2009, in the U.S. Bankruptcy Court in Wilmington, Delaware. The case number is 09-10235. The Canadian subsidiaries also filed to reorganize under the Companies' Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice in Canada.

More information about Smurfit-Stone's reorganization is available on the Company's website at Smurfit-Stone - solving it from all sides. Copies of the First Day Motions and court orders are available at: Client Home. Employee, retiree, customer and supplier inquires can be made at 877-264-9638. If outside of the US and Canada, inquiries can be made at 503-597-7694.

Smurfit-Stone Container Corporation is one of the industry's leading integrated containerboard and corrugated packaging producers and is one of the world's largest paper recyclers. The company is a member of the Sustainable Forestry Initiative(R), and the Chicago Climate Exchange. Smurfit-Stone generated revenue of $7.4 billion in 2007, has led the industry in safety every year since 2001, and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association

SOURCE Smurfit-Stone Container Corporation

Smurfit-Stone - solving it from all sides

[Volatile22]

Rumors of it getting the Q added tomorrow. Hopefully it will pop once its OTC. I picked up a few more today at .032, got a nice average now and hoping to hop out in the teens!

[Volatile22]

SSCC is now SSCCQ, as it has finally been dropped from the NASDAQ.

If its going to run this would be the time to do it now that it is OTC. Currently at .032. This is quite the gamble, but it could pay off nicely. Good luck to anyone who dare play it.

[Volatile22]

Ok this one has been sitting in the low .02 range(for weeks). Its been slowly creeping up ever since the low of .017. Today is the most action I have seen on this stock in awhile. Its up to .0285 after not breaking .026 for weeks (maybe even months) Hopefully the long awaited run is just around the corner.

Might be something worth looking at. Again its a penny so could crap out completely, but I actually have some confidence in Smurfit Stone Corp. Basically I dont see how WAMU could be at .06 and is a worse piece of crap than the crap of SSCCQ. Things are looking a bit different, I hope this means time to jump

Oh and the q4 earnings are expected to come out today.

Current PPS: .0285

[greencat]

SSCC Chart