It is possibly difficult to invest in a business that struggles in the recent year. Some clear facts about CCA have been stated, low(near zero) growth rate, write-down on SPC and declining demand for core products.
Take a step back. Warren Buffett invests in Coke and Heinz. NO technology stocks. Doesn't it sound familiar, when the market thinks low-growth, revenue-declining companies are not worth investing, the importance of long-term growth and steady revenues is overlooked? Warren Buffett probably can't predict the market fluctuation or the next quarter performance of companies, just as the majority of the market, but he knows the value of owning a company, which has lasted for ten of years and will continue to generate stable income. He knows that he buy stocks, based on the assumptions that the stock market could close for the next ten years. There aren't a lot of companies that will almost certainly generate stable income streams for the next 50 years!
CCL Price at posting:
$10.90 Sentiment: None Disclosure: Not Held
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