Friday, May 1, 2009

CCL Industries 2

I am continuing my review on this stock (TSX-CCL.B) today. This is a dividend paying stock and it is on is on the Dividend Achievers list at Dividend Achievers. I do not own any of the stock of this company.

First, I am looking at the Insider Buying and Insider Selling and what I find is that over the past year there has been lots of Insider Selling, but no Insider Buying. However, there have been options granted recently that have not been sold. This could be a good sign.

Looking at the spreadsheet ratios, I find that the current yield is higher than the 5 year average and the current P/E is lower than the 5 year average. However, in both these cases, there is not a huge variance in the ratios and the 5 year averages. Currently, the Graham Price is some 30% higher than the stock price. However, the Graham Price fluctuates with the earnings, so this price has fluctuated a lot lately as the earnings have gone up and down significantly. However, the current price is still 10% lower than the latest lower Graham Price.

The next thing to mention is that Globe Investors site gives this company 3 stars out of a possible 5 stars. In looking at the analyst recommendations, there is the odd Buy, but most recommendations are currently at Hold and the consensus recommendation is Hold. (See my site for information on analyst ratings.)

When looking at the charts, I compared this stock to the TSX index and the sub-index of Industrials. This stock has done worse than both these indexes in the periods of YTD and 6 months. If you look at periods of 1 year or longer, this stock has done better than these indexes. The problem is that this stock has been hit harder by this recent bear market than the rest of the TSX stocks or other Industrials.

CCL Industries Inc. provides state-of-the-art specialty packaging solutions to some of the world’s largest producers of consumer brands in personal care, cosmetic, healthcare, household and specialty food and beverage products. CCL is the world’s largest supplier of innovative and secure labeling solutions to leading global companies in the consumer product and healthcare sectors and supplies aluminum containers and plastic tubes for major consumer brands of personal care, household products and specialty food and beverages. With headquarters in Toronto, Ontario, Canada, CCL Industries operates production facilities in North America, Europe, Latin America, Asia and Australia. Its web site is See my spreadsheet at

This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at for a list of the stocks for which I have put up spreadsheets.

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