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

To: Marc Fortier who wrote (20786)	3/3/2005 12:52:51 PM
From: Kevyn Collins-Thompson	Respond to of 78667

The Plastic Packaging division in LA apparently had some mgmt problems, but the company has been taking steps to address those last year with a resulting improvement in profits (though that division still had a small loss). Overall, the company has been on an even keel the last few years and pursuing a slow but steady set of acquisitions in Europe and Asia. The Steinbeis acquisition in January means that CCL now makes 70% of the world's battery labels. I don't see CCL as some kind of powerhouse - simply that at the prices earlier this year, it was a serious bargain even assuming very slow growth (the most likely scenario). Like many people on this thread I'm a firm believer that the market always returns a stock price to the "right" valuation eventually. And this strategy has paid off very well for me over my investment career. Kevyn