It is a well managed but low marking business. They are trying to diversify. He has looked at it many times but still prefers CCL.B-T.
It is a well managed but low marking business. They are trying to diversify. He has looked at it many times but still prefers CCL.B-T.
(A Top Pick Oct 03/17, Down 7%) They had 2 problems in their last quarter: input costs and shipping costs. It's a little economically sensitive, but now it's an attractive price.
(A Top Pick Oct 03/17, Down 7%) They had 2 problems in their last quarter: input costs and shipping costs. It's a little economically sensitive, but now it's an attractive price.
CCL or ITP? CCL has great management and will benefit from global growth. They do labels and packaging for the big-branded companies. They're diversified and are generating a lot of free cash flow. ITP is a turnaround story. Amazon is their biggest customer. if you believe e-commerce will continue to grow then play ITP. ITP pays a higher dividend than CCL. Worries of higher input costs and a slowing economy are overblown. Sees good long-term returns from both.
CCL or ITP? CCL has great management and will benefit from global growth. They do labels and packaging for the big-branded companies. They're diversified and are generating a lot of free cash flow. ITP is a turnaround story. Amazon is their biggest customer. if you believe e-commerce will continue to grow then play ITP. ITP pays a higher dividend than CCL. Worries of higher input costs and a slowing economy are overblown. Sees good long-term returns from both.
