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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Marc Fortier who wrote (20530)	3/2/2005 1:53:59 PM
From: Kevyn Collins-Thompson	Read Replies (1) \| Respond to of 78666

Update on CCL Industries (CCDBF)... CCL Industries is the type of value stock I love most, because it's a "sleeper" stock in the sense that it puts anyone to sleep who hears about it. It's not a flashy oil, pharma, or tech stock and attracts very little interest. They make plastic bottles, tubes, and labels. Growth in the packaging industry is slow. Nobody has ever heard of the company, and even better it's based outside the U.S. and trades in tiny amounts on a foreign exchange. Yet it's a solid, profitable, 50-year-old firm and probably everyone here has bought their product, and will continue to do so, due to their partnerships with Unilever, P&G, Johnson&Johnson, Burt's Bees, etc. etc. After the latest earnings report in Feb, the stock was "discovered" by the market. I'll probably wait for some details on how some recent acquisitions are doing in the next quarterly report, but if that looks good, the company could probably still be considered undervalued, even at the recent pop in price. Just my opinion - time will tell.. so far, the market has caught up with much of the "free money factor" that I saw in January. I'd be surprised if anyone else here bought the stock (Marc?). I backed up the truck at around 18. If you did buy - well done: since my posting, it's up 40%. Cheers, Kevyn