PPG 0.00% 9.0¢ pro-pac packaging limited

Ann: Annual Report to shareholders, page-8

  1. 2,189 Posts.
    lightbulb Created with Sketch. 637
    It definitely won't hurt the co any further as PPG has already been beaten up, kicked, spat on and had mud thrown in its face.

    It isn't exactly a sexy stock to hold, but its the type that will do well in this market. The synergies provided by the acquisitions in relation to the low-ball price was what led me to the stock in the first place and coupled with Mgt's skin in the game it'll provide a slow steady revenue over time as they turn the ship around.

    "...packaged goods are a very, very, very good business in terms of return on tangible assets." Buffet.

    And PPG is currently dirt cheap compared to where it was pre-CR.
    Last edited by KainCarver: 16/11/18
 
watchlist Created with Sketch. Add PPG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.