KapStone Paper - Awaiting A Better Entry Level In A Long Term Value Creator
- Deutsche Bank turns optimistic on KapStone Paper, adding to multi-year momentum.
- The company has created value in an industry which traditionally has destroyed a lot of shareholder value.
- I like the company and its track record, but won't buy at any price.
- A $25 entry point, representing a 10 times earnings multiple during the good times in the economy cycle is my targeted entry point.