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European Collapse Hedge Return: +25% In One Day; 48,586,180,011% Annualized

Tyler Durden's picture


On Friday afternoon Zero Hedge brought the world's attention to a press release from a little-known company, that virtually nobody caught, one issued by Canadian company called Fortress Paper, which announced that "its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012." Our simple conclusion was that "if the chart of De La Rue is any indication of how banknote printers respond to potential European disintegration, it just may be that the best hedge to a VIX soaring to 80, aka "disorderly Grexit" as explained earlier by Citi, just may be TSX:FTP." Below is the chart of TSX:FTP since our 1pm on Friday. The stock is up 25% since our post, and roughly 48,586,180,011% annualized based on today's action alone. Not a bad hedge to a "disorderly Grexit."

And yes, even based on simple chart mumbo jumbo, this stock has may have a long, long way to go.


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Mon, 06/11/2012 - 15:26 | 2515715 Mugatu
Mugatu's picture

Europe can mess up anything. By treating Spain differently they have created a huge mess.

"All PIIGS are created equal - but some are more equal than others!"

 Maybe Orwell should have been a Euro Planner!

Mon, 06/11/2012 - 15:34 | 2515748 Leopold B. Scotch
Leopold B. Scotch's picture

Be careful.  Pretty soon they'll outlaw paper, and it'll all be plastic / digital.  All the more to eat you with... I mean, capital control you with.

Mon, 06/11/2012 - 15:39 | 2515752 iDealMeat
iDealMeat's picture



Anyone know the thread type / component mix of paper in the D-Mark?  Drachma? Euro?

I suspect there wasn't enough time to update and change it..  Find that out, and that will tell you what they're printing..



Mon, 06/11/2012 - 15:49 | 2515787 Pladizow
Pladizow's picture

FTP - Fiat Toilet Paper!

Mon, 06/11/2012 - 15:52 | 2515816 notbot
notbot's picture

Hope that bank note contract stipulates payment in gold.  "Sure, sure, I'll pay whatever you want...just print me these drachma!"

Mon, 06/11/2012 - 21:54 | 2516683 fourchan
fourchan's picture

what does ftp get paid in?

Mon, 06/11/2012 - 18:43 | 2515791 Pinto Currency
Pinto Currency's picture


I guess buggy whip manufacturers had their last mo-mo trade days as well.


Mon, 06/11/2012 - 15:55 | 2515828 slewie the pi-rat
slewie the pi-rat's picture

anti-tilson has been eclipsed by another zH creation


Mon, 06/11/2012 - 15:43 | 2515775 Divine Wind
Divine Wind's picture

When paper is outlawed,

Only outlaws will have paper.

Mon, 06/11/2012 - 15:46 | 2515790 Pladizow
Pladizow's picture

Like the CIA?

Mon, 06/11/2012 - 16:20 | 2515903 smlbizman
smlbizman's picture

yep, dunder mifflin and 15 jobs gone....

Mon, 06/11/2012 - 18:18 | 2516202 SeattleBruce
SeattleBruce's picture

There's always beet farm resorts...;)

Mon, 06/11/2012 - 15:40 | 2515765 slaughterer
slaughterer's picture

Word is: something perfectly awful being announced in AH today.  Last call for shorts.   

Mon, 06/11/2012 - 15:41 | 2515768 fonzannoon
fonzannoon's picture

Hey slaughterer I remember you saying your HF was triple short going into Friday's close. Beers on you later.

Mon, 06/11/2012 - 16:06 | 2515865 slaughterer
slaughterer's picture

Beers will be served all around today.   

Mon, 06/11/2012 - 16:02 | 2515851 New_Meat
New_Meat's picture

How true!

"Four legs good, two legs bad."

- Ned

Mon, 06/11/2012 - 15:25 | 2515716 battle axe
battle axe's picture

The printing  machines are warmed up, full speed ahead!!!!

Mon, 06/11/2012 - 15:38 | 2515760 Sudden Debt
Sudden Debt's picture

.... GO LONG WD40

Mon, 06/11/2012 - 15:57 | 2515793 Pladizow
Pladizow's picture

Or fish oil, its main ingredient!

Mon, 06/11/2012 - 16:54 | 2516010 Overfed
Overfed's picture

There's no fish oil in WD-40. Petroleum distillates.

Mon, 06/11/2012 - 16:58 | 2516015 Pladizow
Pladizow's picture

The post caught you, so....

Mon, 06/11/2012 - 15:26 | 2515721 Godisanhftbot
Godisanhftbot's picture

48,586,180,011% annualized


You missed your calling, the pink sheets are just waiting for ya.

Mon, 06/11/2012 - 15:28 | 2515727 rumblefish
rumblefish's picture

an who makes FRN paper?

Mon, 06/11/2012 - 15:32 | 2515737 Jonas Parker
Jonas Parker's picture

Here in the US it's made by Crane and Strathmore.

Mon, 06/11/2012 - 15:42 | 2515772 JohnG
JohnG's picture

And they are a private co.  Dammit.

Mon, 06/11/2012 - 16:03 | 2515854 New_Meat
New_Meat's picture

Bob Kraft gonna' get RICH! - Ned

Mon, 06/11/2012 - 15:29 | 2515731 Satan
Satan's picture

So many people here smarter than me.

Mon, 06/11/2012 - 15:44 | 2515780 Village Smithy
Village Smithy's picture

You're here so you must be pretty smart.

Mon, 06/11/2012 - 15:29 | 2515733 djsmps
djsmps's picture

Off topic, but a drone has crashed in Maryland. Will this be the first of many?

Mon, 06/11/2012 - 15:33 | 2515746 francis_sawyer
francis_sawyer's picture

 "drone crashed in MD" just means that Martin O'Malley is taking a nap...

Mon, 06/11/2012 - 16:28 | 2515912 ZerOhead
ZerOhead's picture

Gauging by the size of the debris field it looks like it may have been armed... hmmm... how is that navy funding bill going?

Mon, 06/11/2012 - 17:24 | 2516078 BLACK_DOG
BLACK_DOG's picture

Only $104 million USD! One of four.

Mon, 06/11/2012 - 15:31 | 2515736 surf0766
surf0766's picture

Robo? Where are you???????????????????????????????????????????????????????

Mon, 06/11/2012 - 16:03 | 2515856 Infinite QE
Infinite QE's picture

Picking up his commission check from IBD for shilling their pump-n-dump mo mo stocks.

Mon, 06/11/2012 - 16:38 | 2515945 surf0766
surf0766's picture

Yeap stocks down,oil down and gold up. He was wrong on all 3...

Mon, 06/11/2012 - 15:31 | 2515740 Doug_Canada
Doug_Canada's picture

So the hedge for fire is sales of water hoses?

Mon, 06/11/2012 - 15:32 | 2515741 carbonmutant
carbonmutant's picture

Well we're obviously going to need more paper...

Mon, 06/11/2012 - 15:32 | 2515744 francis_sawyer
francis_sawyer's picture



Insert acronymns below...

Mon, 06/11/2012 - 15:37 | 2515754 insanelysane
insanelysane's picture

To Stop eXits : Fireup Turbo Printers

Mon, 06/11/2012 - 15:48 | 2515792 robertocarlos
robertocarlos's picture

Flash to pass.

Mon, 06/11/2012 - 16:03 | 2515846 I only kill chi...
I only kill chickens and wheat's picture

What publicly traded co. makes Tear Gas, Masks, and Non Lethal ammo. I'm searching now.

Mon, 06/11/2012 - 19:35 | 2516353 Coast Watcher
Coast Watcher's picture

Who wants NON-lethal ammo? The real thing may be in short supply soon.

Mon, 06/11/2012 - 15:34 | 2515747 disabledvet
disabledvet's picture

what would a US based "risk indicator" soar on "news from Europe"? and of course "it wouldn't." Fraud by another name sheeple. Move along!

Mon, 06/11/2012 - 15:35 | 2515749 slaughterer
slaughterer's picture

Tyler outperforms Einhorn's entire year in a few days of Tyler work....  

Mon, 06/11/2012 - 15:38 | 2515761 New England Patriot
New England Patriot's picture

Did you know that disco record sales were up 400% for the year ending 1976? If these trends continue.....Ayyy!

Mon, 06/11/2012 - 15:53 | 2515821 robertocarlos
robertocarlos's picture

I love Staying Alive.

Mon, 06/11/2012 - 15:43 | 2515776 Sudden Debt
Sudden Debt's picture

I feel like shorting it when it does it again tomorrow...

Mon, 06/11/2012 - 15:44 | 2515778 robertocarlos
robertocarlos's picture

It looks like the DOW lost 580 points today.

Mon, 06/11/2012 - 15:49 | 2515798 junkyardjack
junkyardjack's picture

/ES rode quite the rollercoaster today.  Markets are fine though....

Mon, 06/11/2012 - 15:45 | 2515783 Alpo for Granny
Alpo for Granny's picture

Looks like Dimon's crew needs to start reading Zerohedge to learn how to hedge.

And if they do.. Fuck you Dimon and fuck you JPM.

Mon, 06/11/2012 - 15:45 | 2515784 Bam_Man
Bam_Man's picture

Who makes the ink?

Mon, 06/11/2012 - 15:48 | 2515794 junkyardjack
junkyardjack's picture

Haha, silly investors.  No one prints electronic currency...

Mon, 06/11/2012 - 16:18 | 2515896 falak pema
falak pema's picture

A roller coaster makes huge profits on the highs that it never really cashes in on as it goes down the next dip. The irony of a roller coaster is that it never makes a plus; it just gives the illusion, the best it does is get you back to square one. Living on a roller coaster is a life where your illusion is the spice, we are Disney's childs and we never leave never-never land; sold on it hook, line and sinkered. There are wars, there are bores and there are casino whores. Life is for all types. Mine wore ties to funerals and open collars to the corporate firing squad. On a roller coaster it would lose its shirt and more. It preferred the merry go round of wooden horse play ground. Innocence has no price tab as its price cannot be quantified; only once its lost, then its mundane run of mill brine, where we dream of true, pure wine.

Mon, 06/11/2012 - 20:31 | 2516474 Acorn10012
Acorn10012's picture


What's this about casino whores?

Mon, 06/11/2012 - 16:24 | 2515906 bnbdnb
bnbdnb's picture

Zerohedge effect.

Mon, 06/11/2012 - 17:49 | 2516134 nmewn
nmewn's picture

Looking good, Billy Ray!
Feeling good, Louis!

Mon, 06/11/2012 - 21:03 | 2516553 q99x2
q99x2's picture

They sure do know how to make ZH'ers a lot of money.

Mon, 06/11/2012 - 21:29 | 2516612 MSimon
MSimon's picture

Coumpounded the return is 2.36E35 - more money than there is in the world even if you started with just $1. Even with just one penny. Or one mil (thousandth of a cent).

Mon, 06/11/2012 - 22:06 | 2516713 Tapeworm
Tapeworm's picture

mil is 1/10 of one cent, 1/1000 dollar.

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