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Thesis: Verso's share price is below book value. Verso plans to return cash to shareholders and prop up the stock with buybacks and dividends. There is some money to be made here.
I wasn't originally planning on writing another article on Verso so soon, but the latest quarter was so jam packed with developments I had to decipher the ramifications of potential moves by Verso.
Mill Sale
Verso, in a surprise move, sold off two of its specialty product mills. While I figured something good was about to happen since they stated