- PE of eight already factors in the worst - They have excellent client relationships - Cash flow for FY08/9 will be very high (>$8m) - Thus gearing of 40% is no major issue - Motivated shareholding management team (family) - Twenty years of revenue growth - Great buying for Graeme Hart (Carter Holt) or Amcor - Boring enough to go under the radar - Generous and growing dividend (although I would just as well see them pay down debt with the free cash!)
Just my 10 cents worth.
Current price 54 cents. Target price 70 cents.
CKL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
