CCL is a tale of 2 companies, australian CSDs and the rest. The market has focussed on the Au CSDs and forgotten about the rest. I wonder how a company incorporating the non au csd market would be valued given its growth profile?
What I like about CCL is that it identified structural csd headwinds, formulated a plan, and then it is successfully following through with that plan.
Bottom line very happy with CCL.
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