| An SI Board Since August 1998 |
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From a recent Market Guide profile:
Crown Vantage is a major producer of value-added paper products which operates in two business sectors, printing & publishing papers and specialty papers. For the 13 weeks ended 3/29/98, net sales decreased 3% to $221.8M. Net loss increased 48% to $14.2M. Revenues reflect a decrease in average selling price per ton. Net loss also reflects increased cost of goods sold and interest expense, and higher S/G/A expenses as a percentage of revenues.
Given the margins currently in the paper industry consolidation is likely the only solution. If this is the case then purchasing stock in companies holding substantial assets may be the best hedge for a return on investment. CVAN is a large company at a low price. Too tempting to pass up given its assets, revenues and market share.
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