Thoughts on CCL.B.TO?

Thanks Mat!

Hey Bent,

Yeah, CCL is a solid company but over the past few years, it has struggled to gain any momentum as growth has slowed. It is however, a reliable and profitable company and trades at ok valuations. This is why it made the watchlist. The only issue is that the company has struggled with growth recently. It used to deliver strong double-digit growth but that has slowed. Over the past 5 years, it has only managed low to mid-single-digit revenue, EPS and cash flow growth. This is why valuations have come down materially from historical averages. Looking forward, it is much of the same through the end of next year. That won't do much to move the needle and at current valuations, I'd say it is probably fairly valued.

That said, there is nothing wrong with picking up a good company at fair prices.

Mat