RE:RE:Main problem with CPG is their continuance
The problem with your scenerio, is that the growth will eventually slow, also the cap ex is not all for new production, but a large percentage is also to maintain existing production. In the end, they are continueing to dilute existing shareholders to the tune of about 400 million a year. There is this believe, by, even the talking heads on BNN, that the payourt ratio is 59%, when in reality it is well over 100%. I think the market sees this and hence the non performance in the share price.