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.

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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.

Forecasts, trends, outlooks, Dividends, Dividend Policy, Forecasts and trends, Market trend/market analysis, Securities, Company sales and earnings, Company earnings/profit, Company dividends

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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.

FORESTRY, Forestry and Logging

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