whats the business all about, page-6

Welcome to the Top 20 club (hopefully not the Top 20 Fools Club). I am now sitting at No 14 (was at 16 but topped up to 2m).

Unfortunately this stock owes me 15 cents on average. It is going to be a tough year for this company, however, I would expect the smaller paper merchants will find it even tougher, which could give PPX an opportunity to get more of the market while the others fall by the wayside.

They key for this company is to diversify. With the Aussie dollar getting smashed each day, this company is looking more appealing with its Euro and US earnings.

Good point re the operating cashflows. Cash is king and if this company can produce a positive cash flow then that is key before accounting profit. It will be interesting to see what happens this year with the Hybrids. I suspect that if conditions are tough they will hold off on distributions. This will ratchet up the interest amongst other things. Perhaps buying them back at $30 is a better bet.