The world’s largest pallet provider BXB has struggled through COVID as increasing timber prices weigh on the business but the company is an obvious beneficiary of a post COVID economy which hopefully will soon see an end to supply chain constraints. The company is now in upgrade mode and we again feel its cheap trading around multi-year lows while delivering decent cash flow enabling the business to yield around 3%.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM now likes BXB around $10.50
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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