US expansionIt won't be long before the market figures out that this is NOT a sleepy no growth stock...
Consider their Classic envelope purchase. Classic has only 5% market share and did just over $10 mil in revenue and earned between 15-20% on these sales.
The family that sold was content to make a good living and not try and expand it. Make no mistake, SXP's management will increase this 5% a few fold in short order. Every additional 5% market share adds $10 mil in revenue and $1.5 mil in profit. You can do the math.
I think they will be increasing profit by 20% for the next few years and this will be a $10 stock within two years.
Go back to my early posts, I've been bullish since just over $2.