RE:RE:Paper napkin math
laurencelefou wrote: Funny that you titled your blog Paper napkin. I just invested in WestBond Industries (WBE). They manufacture paper napkins and other paper-related products such as wet wipes. Boring company, but I believe it is cheap and a fat dividend. I will be publishing my reasoning for the purchase in the coming days.
I am preparing my questions for the next quartely meetings. Hopefully, we get the financials this week.
Nice, I've never heard of this company but it looks interesting. I will look into it when I have some time. I've owned 2 paper and packaging companies, one was Rocktenn which later merged into Westrock and Orchids Paper Products which are both Us based companies. I was very excited about my purchase in Orchids ( around 2012-2013) and I did really well with it that I cashed out after doubling my money in a year or so. Orchids went on to be acquired by Cascades in 2019. It was a type of stock Peter Lynch would have loved. Very boring, small and profitable. The best investments I've made are the ones that nobody is talking about. The fewer people talking about it,especially on stockhouse, the more excited I am about its prospects. One company in particular that is interesting is Organic Garage. These guys are in the right space with loyal shoppers and are flying under the radar. The ceo pays himself a modest salary with absolutely no shares or options given to employees. They hope to have 25 or so locations in Ontario alone from the current 4 they have today. They've recently entered into plant based cheese and will be introducing it to their stores and others across Canada. In my opinion, this one is going to be big.
I really like the paper and packaging space because it's not in a hot industry. The best companies are often the boring profitable companies that nobody cares to own.
Good luck with your investments!