CCL Industries (B)

CCL.B-T

A well run company. He is interested because it is difficult to find quality at a good valuation. He would be a buyer in the low $50s.

They continue to be highly profitable in the packaging business. They have grown earnings ten fold over the last decade. They had been struggling with their input costs but that is behind now. Estimated P/E is 22. Buy with confidence here. (Analysts’ price target is $67.33)

He bought it back last fall. It is a way of playing consumer goods. It is a very well managed company. Hang on while it grows into its valuation.

Good, strong company. Interesting way to play e-commerce. In client TFSAs. One year dividend growth is about 17%, 5 year growth is 25% per year. Investors should think about this one for a long term hold.

Has done some good work. Problems in the past getting through $60, but today it popped through. It's a bit tricky up here, but now it's a buy. (Analysts’ price target is $63.22)

A unique Canadian mulit-national producer of pressure sensitive labels -- the world's largest in the space. They have owned it for over 15 years. A family owned company. The latest quarter was exceptional. Yield 1.2% (Analysts’ price target is $66.88)

CCL did too good a job, so investors were disappointed with a troubled acquisition. CCL are great operators with global reach. They have tailwinds in emerging markets. Cheap valuation now. (Analysts’ price target is $117.86)

It's a great operator and acquirer of businesses. Caveat: Their latest purchase, of Innovia, has been pressured by soaring commodity prices ( if the resin that appears on the fancy plastic on Canadian bank notes).

Watch resin prices. They recently made an acquisition so resin prices are now a bigger component for them and has created more variability than he'd like. Great managers though who are passing these costs onto customers. Expect positive earnings surprises this year. Add to label companies when they falter. (Analysts’ price target is $65.43)

It has been a fabulous stock over the last decade. They continue to deliver numbers. It is a very well run company. Buy it when it is on sale.

Performed well over the last few years. Growth in different product segments. Management team has done well executing on strategy. Market's revalued the multiple. He'd want to buy lower than here. If you hold it, nothing wrong with taking profits, and continuing to hold for the long term.

He doesn't know its seasonality though the industry's seasonality finishes in May. CCL has suffered a downward trend since 2017. Wait till fall and consider it then.

They have huge global customers. A well-run business. But their input costs went up and they missed expectations. Maybe the bar was set too high. Their acquisitions have been home runs except a recent one that makes bank notes. It's an incredible buying opportunity. Profitable and a dividend-raiser.

(A Top Pick Feb 13/18, Down 4%) They make smart acqusitions, but were caught on the wrong side of resin price increases, so he expects better prices going ahead. He still likes this a lot. The stock was pricey in Feb. 2018 when he picked it.