Stock price when the opinion was issued
KPT is a $101.6M company that pays a high yield of 7.1%. Its valuation is decent, but its balance sheet has been contracting for several years now. It's considered a consumer staples name, but we are not very impressed by the fundamentals or financials. Decent growth is expected over the next two years, but we would probably wait to see if fundamentals materially improve before investing here, given its negative momentum and contracting fundamentals.
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Makes toilet paper. If there is ever a staple product that is not going to go out of business, toilet paper is going to be high on that list. Company commissioned a giant new plant in Tennessee, and is now coming up to full operation and what is expected in terms of margin. He expects to see free cash flow expand. Has a good yield 4.5%, which he expects to continue going forward.