Q: Who are the leading paper bag manufacturers for the Canadian market? Do any look attractive right now?
5i Research Answer:
CAS and CFX are suitable names here. CAS has not demonstrated great revenue or net profit growth, although it does pay a decent yield of 4.1%. CFX is also not overly exciting. With its small size, weak liquidity, no dividend, and cyclicality, it has not created much shareholder value in its existence. We would wait on this sector or overlook it for now.