RE:RE:RE:Box demand decliningI think you're probably both entitled to your opinion on the economic outlook.
In think, even with an economic slowdown, SXP should be revalued. Transcontinental, a similar company with packaging and legacy business, is trading at 5.6x EBITDA. Put SXP there and the stock is $11. And SXP is growing much faster, with a better balance sheet. At $5.64, I have the company at only 3.2x EBITDA, and that's cautiously assuming a big drop in EBITDA for the next two quarters. Far too cheap!