Reimbursed and then a little,9/1/2009 CSARQ# REDEMPTION/TENDER W/ SHARES $0.00 $0.00 $483.04 ---5000 shares-- I made about 50.00 they cleared there name in my eyes,.1035 cents a share

Great thanks

I heard .10

Dumb questions sowhat does that mean for Joe common stock holder. How do we get per share?

Caraustar emerges from bankruptcy, gets credit
Caraustar Industries, Inc. has announced that it has emerged from Chapter 11 as a newly reorganized private company eliminating approximately $135 million in debt.

Michael J. Keough, president and chief executive officer, said, "We are gratified that the company has been able to expeditiously implement its Plan of Reorganization with minimal business disruption and in record time. As a result, Caraustar emerges with a strong, stable platform from which to operate, invest and grow our business. This is a tremendous accomplishment."

Under the Plan, shares of the company's common stock will be retired and previous shareholders will receive a pro rata share of $2.9 million. The company's 7-3/8 percent and 7-1/4 percent Senior Notes have been exchanged for an aggregate of $85 million in new Senior Secured Notes and 100 percent of the common stock of the reorganized company.

Caraustar has closed on a new $75 million revolving credit facility with General Electric Capital Corporation, which provides Caraustar with more than adequate liquidity to meet all of its working capital needs, including any future capital investments. The company has made no borrowings against the new facility.

Mr. Keough said, "We are in a significantly stronger competitive position today than we have been at any time in the past decade. With one of the strongest balance sheets in the industry, we look forward to building upon our 70-year heritage to continue to provide the innovation, products and services our customers have come to expect from Caraustar, as well as implementing future plans to re-invest in the business and continuing our growth.

"During the brief 82-day period in which Caraustar operated under Court supervision - a record for the Bankruptcy Court for the Northern District of Georgia - customers continued to receive superior customer service; vendors were paid in the ordinary course of business with no losses; and all of our employees worked incredibly hard to support the company's reorganization efforts."

The company has been very active in rationalizing its portfolio by exiting under-performing businesses, right-sizing operations through consolidation of facilities and reducing selling, general and administrative expenses. Restructuring the company's balance sheet through the exchange of debt for equity complements that effort.

"We are the same company, but with increased financial strength, organizational stability and momentum," Mr. Keough said. "Our new capital structure, combined with the cost savings achieved by operating as a private entity, provides a lean and flexible foundation for sustainable profitability.

"We are appreciative of the support and commitment from our stakeholders who have expressed their desire to succeed with us, and I have every confidence that we will deliver."

About Caraustar

Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100 per cent recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com

= )

yep, in for the win!

It'll probably be a bounce at some point, but I'm not following this one real close.

I think you will see a price jump on the pinks

Jun 11, 2009 CSAR CSARQ Caraustar Industries, Inc. Common Stock Pink Quote

Too many false starts, but I'm thinking 100% at some point... jmho

JJdivini-- Is this one about to come alive ??? I have it listed as a possible mover.

SSok

Caraustar Industries Inc. (CSAR) Interim Financing Approved...

JUNE 6, 2009;

The U.S. Bankruptcy Court issued an interim order approving Caraustar Industries' motion to secure post-petition financing in an amount up to $75 million, with $25 million immediately available. General Electric Capital Corporation is serving as the administrative agent. A final hearing is scheduled for June 24, 2009.

Chat about it here; http://investorshub.advfn.com/boards/board.aspx?board_id=15379

Caraustar (CSAR) Receives Court Approval of First Day Motions...

June 3, 2009 6:32 PM EDT;

- $75 MILLION DIP FINANCING FACILITY APPROVED

- COMPANY RECEIVES PERMISSION TO PAY PRE-PETITION GENERAL UNSECURED CLAIMS

- COURT APPROVES CONTINUATION OF EMPLOYEE WAGES, SALARIES AND BENEFITS

- CARAUSTAR RECEIVES DELISTING NOTICE FROM NASDAQ

ATLANTA, June 3 /PRNewswire-FirstCall/ -- Caraustar Industries, Inc. (Nasdaq: CSAR) announced that the Bankruptcy Court for the Northern District of Georgia (the "Court') approved the company's first day motions to, among other things, pay pre-petition general unsecured claims in the ordinary course of business, in connection with its voluntary restructuring under Chapter 11.

As previously announced, Caraustar reached agreement with holders of approximately 83 percent of its 7-3/8% Senior Notes maturing June 1, 2009 and 91 percent of its 7-1/4% Senior Notes maturing May 1, 2010 on the terms of a cooperative financial restructuring that would reduce the company's debt obligations by approximately $135 million.

The Court also granted permission for the company to pay pre-petition employee wages and salaries, to make contributions to the 401(k) and other employee benefit plans, and to reimburse employees for their pre-petition business expenses.

"Having received approval of our first-day motions so quickly sets Caraustar on strong footing as we move towards completing our recapitalization," stated Caraustar's President and Chief Executive Officer, Michael J. Keough. "This action by the Court will be well received by our employees, customers and suppliers."

In addition, the court approved use of the company's existing cash management system and substantially all of its existing bank accounts. The Court also authorized the immediate use of up to $25 million of the $75 million senior secured debtor-in-possession revolving credit facility from General Electric Capital Corporation (the "DIP Facility") which will allow the company the support required to fund operations, pay employees' wages and benefits, and purchase goods and services during the restructuring period.

"The approval of our DIP financing and the Court's permission to pay pre-petition general unsecured claims in the ordinary course of business means that our trade creditors will continue to be paid, and as a result, we expect to assure continuity of supply to our customers."

The company also announced it received a "Staff Determination" notification from Nasdaq that its equity securities will be delisted from The Nasdaq Stock Market. The decision was based upon Nasdaq's Marketplace Rules 5100, 5110(b) and IM-5100-1, and was made after reviewing the company's press release that it had filed for protection under Chapter 11 of the U.S. Bankruptcy Code and other publicly available information. Trading of the company's common stock on the Nasdaq Stock Market will be suspended at the opening of business on June 11, 2009. Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the securities from listing and registration. The company does not plan to appeal the Staff Determination. These securities will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets," but may become eligible if a market maker makes application to register in and quote the securities in accordance with Securities and Exchange Commission Rule 15c2-11, and such application is cleared.

The company and its domestic subsidiaries filed voluntary Chapter 11 petitions along with a pre-negotiated Plan of Reorganization in the United States Bankruptcy Court for the Northern District of Georgia on May 31, 2009. The cases will be jointly administered and the main case has been assigned case number 09-73830. Additional information about Caraustar's restructuring is available at the company's website http://www.caraustar.com/restructure.html or via the company's restructuring information line, 1-800-251-2580.

About Caraustar

Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.

Forward Looking Statement

This press release contains certain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that represent the company's expectations, anticipations or beliefs about future events, operating results or financial condition, restructuring plans, business plans and industry trends and their potential impact on the company's business and financial results. Statements that are not statements of historical fact, as well as statements including words such as "expect," "intend," "will," "believe," "estimate," "project," "budget," "forecast," "anticipate," "plan," "may," "would," "could," "should," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by such statements. Such risk factors include, but are not limited to, the company's ability to continue as a going concern; the ability of the company to obtain court approval for, and operate subject to, the terms of the DIP financing facility; the company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceeding, including a plan consistent with the terms set forth in the plan of reorganization; risks associated with a termination of the restructuring agreement and financing availability; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the proceeding to a Chapter 7 proceeding; the ability of the company to obtain and maintain normal terms with customers, vendors, employees, and suppliers; the company's ability to maintain contracts and leases that are critical to its operations; the potential adverse impact of the Chapter 11 proceeding on the company's liquidity or results of operations; the effect that the "going concern" disclosure included in the opinion of the company's independent public accounting firm will have on the company's relationships with customers, suppliers, vendors and employees; fluctuations in raw material prices and energy costs; downturns in industrial production, housing and construction and the consumption of durable and nondurable goods; the degree and nature of competition; demand for the company's products; the degree of success achieved by the company's new product initiatives; increases in pension and insurance costs; changes in government regulations; the application or interpretation of those regulations or in the systems, personnel, technologies or other resources we devote to compliance with regulations; the anticipated delisting of the company's common stock from the Nasdaq Capital Market Systems; the impact on the company of its results of operations in recent years and the sufficiency of its financial resources to absorb the impact; and the company's ability to successfully dispose of its assets held for sale. Additional relevant risk factors that could cause actual results to differ materially are discussed in the company's registration statements and its most recent reports on Form 10-K, 10-Q and 8-K, as amended, filed with or furnished to, the Securities Commission. These documents may be accessed through the web site of the Securities and Exchange Commission(www.sec.gov). The company does not undertake any obligation to update any forward-looking statements and is not responsible for any changes made to this document by wire or Internet services.

The process presents inherent material uncertainty. It is not possible to determine with certainty the length of time it will take the company to complete the restructuring, including the timing of court approvals, the effect of any third party proposals for competing plans of reorganization, whether all necessary approvals are ultimately obtained for the reorganization under the proposed terms, whether the plan of reorganization will be successful, or the outcome of the restructuring in general. In addition, the implementation of a plan of reorganization is dependent upon a number of conditions typical in similar reorganizations, including approval by the requisite holders of Senior Notes and court approval of the plan of reorganization.

While the company is in the process of restructuring, investments in its securities will be highly speculative. Further, if the plan is implemented as described in this press release, the presently outstanding shares of the company's common stock will be cancelled.

CONTACT: William A. Nix
VP, Finance and
Chief Accounting Officer
(770) 948-3101


SOURCE: Caraustar Industries, Inc.

this one is running, they got their dip financing from ge capitol.

Caraustar Reaches Agreement With Noteholders On Terms of Cooperative Restructuring and Files for Reorganization

ATLANTA, June 1 /PRNewswire-FirstCall/ -- Caraustar Industries, Inc. (NASDAQ:CSAR) announced that it has reached agreement with holders of approximately 83% of its 7 3/8% Senior Notes maturing June 1, 2009 and 91% of its 7 1/4% Senior Notes maturing May 1, 2010 on the terms of a cooperative financial restructuring that would reduce the company's debt obligations by approximately $135 million. The company and the consenting noteholders have entered into an agreement pursuant to which the noteholders have agreed to complete the restructuring through a pre-negotiated Plan of Reorganization (the "Plan"). The Plan will be submitted to the United States Bankruptcy Court for the Northern District of Georgia (the "Court") in the voluntary Chapter 11 case commenced by Caraustar on May 31, 2009. The Plan will be subject to the approval of the Court, among other conditions.

Under the Plan, holders of outstanding shares of Caraustar's common stock will receive their pro rata share of $2.9 million, or approximately $0.10 per share, subject to certain conditions contained in the Plan. In addition, the Plan contemplates the exchange of the company's existing 7 3/8% and 7 1/4% Senior Notes for an aggregate of $85 million in new Senior Secured Notes and 100% of the common stock of the reorganized company. The reorganized company is expected to emerge as a private entity with Wayzata Investment Partners LLC becoming the company's controlling shareholder.

"Caraustar took decisive action to substantially reduce the company's debt and prospectively reduce costs. Once our financial restructuring is complete, we believe Caraustar's new capital structure combined with the cost savings achieved by operating as a private entity will provide a lean and flexible foundation for sustainable profitability and better position the company to meet the challenges of our industry and this recessionary economy head on," said President and Chief Executive Officer, Michael J. Keough.

A key feature of the Plan is that all trade creditors, suppliers, customers and employees will receive all amounts owed to them. The company is seeking authority from the Court to pay these amounts in the ordinary course of business. "The company plans to ensure that customers, trade creditors, suppliers, and employees see no difference in Caraustar's operations while we complete our recapitalization. The Plan and the authority we will seek from the Court will provide for uninterrupted payments of our existing and future obligations to these constituents and provide for seamless continuation of our operations," Mr. Keough commented.

In conjunction with the restructuring, Caraustar has secured credit approval from General Electric Capital Corporation for a $75 million senior secured debtor-in-possession revolving credit facility (the "DIP Facility") converting at emergence from bankruptcy into a $75 million senior secured revolving credit facility, the latter to become effective upon confirmation of the Plan by the Court. Proceeds from the DIP Facility may be used for (i) cash collateralizing outstanding letters of credit; (ii) paying for goods and services in the ordinary course of the business; and (iii) general corporate purposes.

"Today's announcement is the result of extensive negotiations and hard work from key constituents, and we believe it provides the highest value obtainable for all of Caraustar's constituents," said Mr. Keough.

The Company and its domestic subsidiaries filed their voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Georgia on May 31, 2009. The cases will be jointly administered and the main case has been assigned case number 09-73830. Additional information about Caraustar's restructuring is available at the Company's website http://www.caraustar.com/restructure.html or via the Company's restructuring information line, 1-800-251-2580.

About Caraustar

Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at http://www.caraustar.com/.

Forward Looking Statement

This press release contains certain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that represent the company's expectations, anticipations or beliefs about future events, operating results or financial condition, restructuring plans, business plans and industry trends and their potential impact on the company's business and financial results. Statements that are not statements of historical fact, as well as statements including words such as "expect," "intend," "will," "believe," "estimate," "project," "budget," "forecast," "anticipate," "plan," "may," "would," "could," "should," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by such statements. Such risk factors include, but are not limited to, the company's ability to continue as a going concern; the ability of the company to obtain court approval for, and operate subject to, the terms of the DIP financing facility; the company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceeding, including a plan consistent with the terms set forth in the plan of reorganization; risks associated with a termination of the restructuring agreement and financing availability; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the proceeding to a Chapter 7 proceeding; the ability of the company to obtain and maintain normal terms with customers, vendors, employees, and suppliers; the company's ability to maintain contracts and leases that are critical to its operations; the potential adverse impact of the Chapter 11 proceeding on the company's liquidity or results of operations; the effect that the "going concern" disclosure included in the opinion of the company's independent public accounting firm will have on the company's relationships with customers, suppliers, vendors and employees; fluctuations in raw material prices and energy costs; downturns in industrial production, housing and construction and the consumption of durable and nondurable goods; the degree and nature of competition; demand for the company's products; the degree of success achieved by the company's new product initiatives; increases in pension and insurance costs; changes in government regulations; the application or interpretation of those regulations or in the systems, personnel, technologies or other resources we devote to compliance with regulations; the anticipated delisting of the company's common stock from the Nasdaq Capital Market Systems; the impact on the company of its results of operations in recent years and the sufficiency of its financial resources to absorb the impact; and the company's ability to successfully dispose of its assets held for sale. Additional relevant risk factors that could cause actual results to differ materially are discussed in the company's registration statements and its most recent reports on Form 10-K, 10-Q and 8-K, as amended, filed with or furnished to, the Securities Commission. These documents may be accessed through the web site of the Securities and Exchange Commission (http://www.sec.gov/). The company does not undertake any obligation to update any forward-looking statements and is not responsible for any changes made to this document by wire or Internet services.

The process presents inherent material uncertainty. It is not possible to determine with certainty the length of time it will take the company to complete the restructuring, including the timing of court approvals, the effect of any third party proposals for competing plans of reorganization, whether all necessary approvals are ultimately obtained for the reorganization under the proposed terms, whether the plan of reorganization will be successful, or the outcome of the restructuring in general. In addition, the implementation of a plan of reorganization is dependent upon a number of conditions typical in similar reorganizations, including approval by the requisite holders of Senior Notes and court approval of the plan of reorganization.

While the company is in the process of restructuring, investments in its securities will be highly speculative. Further, if the plan is implemented as described in this press release, the presently outstanding shares of the company's common stock will be cancelled.

DATASOURCE: Caraustar Industries, Inc.


CONTACT: William A. Nix, VP, Finance and Chief Accounting Officer,

+1-770-948-3101


Web Site: http://www.caraustar.com/

What exactly are they talking about ?

Did CSAR default ?

http://www.forbes.com/2009/05/22/verizon-conocophillips-investing-markets-bonds.html?partner=yahootix

Credit still looks tight for companies carrying the greatest debt burdens. Investors hope to avoid getting burned as the rate of companies defaulting on their bonds gathers pace. There were another eight U.S. businesses that met this fate in the past week, including autoparts maker Dana Holding; television broadcaster ION Media Networks; and recycled paper maker Caraustar Industries ( CSAR - news - people ). The tally has hit 93 for the year.

Nice finish today

Postponed til further notice.

i think this meeting was postponed? huh>

Great news going forward.

Great news going forward.

Caraustar Industries, Inc. Reaches Agreement to Extend Revolving Credit Facility; Postpones Annual Shareholder Meeting
ATLANTA, May 15 /PRNewswire-FirstCall/ -- Caraustar Industries, Inc. (Nasdaq: CSAR) today announced that on May 8, 2009, the company amended its Senior Credit Facility, originally dated March 30, 2006, with Bank of America, N.A. The Eighth Amendment to the Amended and Restated Credit Agreement extends until May 15, 2009 the notification date at which time the company was required to advise participating lenders of its plan to refinance or defease the Senior Notes in the amount of approximately $190 million, maturing on June 1, 2009. Subsequently, on May 15, 2009 the lenders further extended the notification date to June 1, 2009. Additionally, the company's announced that its Annual Shareholders' Meeting, which was originally scheduled for Wednesday, May 20, 2009, has been postponed until further notice.

http://phx.corporate-ir.net/phoenix.zhtml?c=110896&p=irol-newsArticle&ID=1288935&highlight=

Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.

CONTACT: Ronald J. Domanico
Senior Vice President and
Chief Financial Officer
(770) 948-3101

Good morning all.

Hopefully there will be good news forth coming, there are a lot of co.s that refi there debt,this is a general practice that is not unusual.

No updates on this ????


The company executed an amendment to its Senior Credit Facility to defer until May 8, 2009 notification to the participating lenders in the bank group of the company's plan to refinance or defease the 7.375 percent Senior Notes.


http://ca.news.finance.yahoo.com/s/01052009/31/link-f-prnewswire-caraustar-industries-inc-reports-first-quarter-2009-results.html

Good morning all, looks like a possible play here.

I think this is one of those rare stocks that can make forutunairs of peasants.It just needs to make a deal with the notes and maybe increase some business and then before long the stock can be well over a dollar.The company has a future.

its up to you...

risk is higher now as are the rewards if the notes are renegotiated..

but if they are not and they take the BK route...then big drop ...

would you say hold off tell then to buy some

Depends what happens by Friday regarding the notes...

Any long term projectons on this one?

Post from another board... CSAR Q109 was much imporved than Q108.

Q1 was actually much improved quarter than Q1 last year. Even though revenue dropped to $159M from $216M, gross margin improved to 16% vs 11% in Q108. Operating income increased 30% to $4.8M from $3.6M. The loss was due to impairment and restructuring cost - which are heading to zero in two more quarters. So without impairment and restructure cost, EBITDA = $4.8M.

Credit facility extension agreement is reached. senior notes extension are very likely to come this month. CSAR should move north next week.

Some serious CSAR $$$$'s being spent to restructure...
They mean business....

http://finance.yahoo.com/news/Caraustar-Industries-Inc-prnews-15106081.html?.v=1


and higher professional fees of $1.9 million related to efforts to restructure the company's 7.375 percent Senior Notes maturing on June 1, 2009.

After Hours: 0.24 0.03 (14.23%) 4:55PM EThelp

It seems that late trading session is pushing the stock to 0.24 now. Unless I am mistaken...

News should attract some buyers on Monday...

Yes, their cost cutting measures are obviously working...

Next quater should be much better IMO seeing that the economy may start to turn soon IMO.

I'm thinking were looking good here. Extended credit facility terms, and loss per share for the qtr. of (.15) Last year total loss was (3.44) per share.

That's a really good news indeed!

Good thing I keep a large position on this one cause I always been a believer.

Such a big company trading at this price is a nonsense.

REF: http://phx.corporate-ir.net/phoenix.zhtml?c=110896&p=irol-newsArticle&ID=1283400&highlight=

I would imagine that we will see a lot of people buying at 0.21 Monday morning.

DSurfer

Caraustar Industries, Inc. Reports First Quarter 2009 Results; Reaches Agreement to Extend Revolving Credit Facility
On Friday May 1, 2009, 4:05 pm EDT

http://finance.yahoo.com/news/Caraustar-Industries-Inc-prnews-15106081.html?.v=1


Michael J. Keough, president and chief executive officer of Caraustar, commented, "Overall, we were pleased with the results of operations in the first quarter. Despite a challenging economic backdrop, the company was able to deliver solid results.

...

Caraustar's mill capacity utilization was 93.3 percent, compared to industry capacity utilization of 82.6 percent.

...

Mr. Keough further commented, "We continue discussions with the ad hoc committee of our senior noteholders with respect to a restructuring of our debt obligations. We will disclose additional information as appropriate

Yeah baby!! they extended the debt!

Cost effective strategy, I like that.

$820 million paperboard producer trading at 20 cents ...

http://www.cfo.com/article.cfm/13522582/c_13526469

At Caraustar Industries Inc., an $820 million paperboard producer, senior vice president and CFO Ron Domanico has addressed the cost-of-capital conundrum by abandoning, at least for now, the idea that any one number can cover every situation.

"In the past, we had one cost of capital that we applied to all our investment decisions," Domanico reports. "Today that's not the case. We have a short-term cost of capital we apply to short-term opportunities, and a longer-term cost of capital we apply to longer-term opportunities. And the reality is that the longer-term cost is so high that it has forced us to focus only on those projects that have immediate returns."

Domanico embraced this dual approach largely to account for the vast spread that has erupted between rates on short-term and long-term debt. Caraustar can borrow against its bank credit revolver at the lower of prime plus 4% or LIBOR plus 5% — a reasonable bogey for deciding, say, whether or not to take a 2% discount on a vendor invoice by paying early. But that's hardly a good benchmark for a $3 million equipment purchase. Hence, Domanico says, his separate, long-term cost-of-capital calculation takes into account the 12%-plus rates Caraustar would face today if it were to borrow long term.

It's sound like a good news therealtruth10 .
Meanwhile, we shall see some stock movement before the shareholders meeting scheduled on May 20th
I'm confident.

Proxy Statement gives you a hint...
http://www.sec.gov/Archives/edgar/data/825692/000119312509082062/ddef14a.htm


The Compensation Committee did, however, in light of the issues presented by the economic downturn consider the increased challenge of achieving the overall financial target and the individual objectives set by each senior manager. Even in the midst of these challenging circumstances the Company continued to make progress with its strategic transformation plan by: refocusing on its core businesses through appropriate facility consolidation and capital investment in new and upgraded production technology, significantly reducing the Company’s overall cost structure by eliminating organizational layers and related support personnel as well as other overhead costs, improving the liquidity of the Company and making efforts to address the repayment or refinancing of the Company’s Senior Notes. In this difficult environment, the Company managed to significantly improve its financial performance.

Hey, does anyone know when the earnings date is?

TIA

I'm happy I sold @ .30....Got into SQNM @ the moment....Going to watch CSAR very closely. GLTA:)

Nothing wrong with taking a little profits:)GLTY

Took some profits and put them in my other C play...this is a good day

Does anyone know far up this baby might go ?
Any clues?
Tks