SEE: I really like their filler machines (which, if I understand correctly, they give to customers for free). Just buy the plastic tubes that the machines use to make those sealed-air bags. Operators can cut plastic tube into bags of varying lengths and air pressures to accomodate different packages. Neat. For a little extra money, they'll print your ads/logo on the plastic.
Price for SEE stock is right too for a company that's the industry leader, which they are.
However, (sigh), as Jim Clarke has said (I paraphrase-- and I hope correctly), for investors, there is no such thing as SMALL asbestos risk. Essentially we can't quantify the risk to reward, therefore we ought to stay away. (We may be in new legal ground as regards SEE's liability, but if so, how can one determine now which attorney or court will prevail?) I'll keep SEE on my watch list for a while just to read what the pundits' opinions are, but I'll look for buying opportunities elsewhere.
Just my opinion,
Paul Senior
and I've been wrong many, many times |
