Opinions Bruce Campbell (2)
Cascades IncCAS.TOTOP PICKDec 09, 2015
Bruce Campbell (2)Stock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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Huge new facility is coming onstream, and fundamentals in containerboard are more solid than in the very competitive tissue market. Facility over budget, so will take a while to get a return. Focused on debt reduction.
Michael Sprung
Likes it, though shares have been down the past year. They fixed their operational issues. Demand remains strong in container board, and they opened a facility in Virginia which could raise margins. They sold their European division, so are more streamlined in operations. Pays around a 4% dividend. Still likes it.
Michael SprungThey've been hit by a lot of input costs, which may be easing now. It's hard to raise prices on tissue paper and costs have been rising on recycled fibre. Their new container board factory will operate soon. CAS is selling at the low end of its range historically. But be patient until the stock price doubles or even triples.
(Analysts’ price target is $9.83)
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Robert McWhirter
Have really driven synergies through their business and tried to cut costs. Also, benefiting from selling a lot of their product into the US on the box board and container board side of things. Those prices have been going up, and as long as the economy stays fairly steady, that is probably going to continue. They are getting the benefit of the US$. Trading at a fairly reasonable multiple.