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KP Tissue Inc., $10.90, symbol KPT on Toronto (Shares outstanding: 9.0 million; Market cap: $98.2 million; www.kptissueinc.com), owns 16.3% of Kruger Products L.P., Canada’s leading maker of tissue products for home and business use.
Kruger is a leader in the Canadian consumer market, with well-known brands like Scotties, Cashmere, Purex, SpongeTowels and White Swan. In the U.S., Kruger owns the White Cloud brand and makes many private label products. The company’s Away-From-Home division produces and distributes products for restaurants, hotels and other businesses.
In the three months ended September 30, 2015, KP Tissue lost $0.22 a share, compared to an $0.08-a-share profit a year earlier. That’s mainly because Kruger took a charge on early debt repayment. KP Tissue has no revenue, as its minority stake in Kruger is its sole asset.
The company pays quarterly dividends of $0.18 a share, for a high 7.4% annualized yield.
KP Tissue hasn’t released year-end financials yet, but it likely earned $0.37 a share for 2015. Profits could rise to $0.97 a share in 2016, and the stock trades at just 11.2 times that estimate. However, the company must deal with rising pulp prices, plus increasing competition from rivals in Canada and the U.S., many of which are expanding. That means it will likely have to spend more on marketing to compete.
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Kruger is a leader in the Canadian consumer market, with well-known brands like Scotties, Cashmere, Purex, SpongeTowels and White Swan. In the U.S., Kruger owns the White Cloud brand and makes many private label products. The company’s Away-From-Home division produces and distributes products for restaurants, hotels and other businesses.
In the three months ended September 30, 2015, KP Tissue lost $0.22 a share, compared to an $0.08-a-share profit a year earlier. That’s mainly because Kruger took a charge on early debt repayment. KP Tissue has no revenue, as its minority stake in Kruger is its sole asset.
The company pays quarterly dividends of $0.18 a share, for a high 7.4% annualized yield.
KP Tissue hasn’t released year-end financials yet, but it likely earned $0.37 a share for 2015. Profits could rise to $0.97 a share in 2016, and the stock trades at just 11.2 times that estimate. However, the company must deal with rising pulp prices, plus increasing competition from rivals in Canada and the U.S., many of which are expanding. That means it will likely have to spend more on marketing to compete.
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NISSAN MOTOR CO. ADR $19.90 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissanmotors.com; Shares outstanding: 2.3 billion; Market cap: $45.8 billion; No dividends paid) reported that its earnings rose 3.2% in the three months ended December 31, 2011, to 82.7 billion yen ($1.07 billion U.S.) from 80.1 billion yen ($1.04 billion U.S.) a year earlier.
That’s a particularly strong performance in light of the fact that flooding in Thailand cut Nissan’s production by 33,000 vehicles in the quarter. The strong yen also hurt the company’s profits from overseas sales. Even so, the latest earnings beat the consensus estimate of 71.7 billion yen.
Nissan’s sales are rising in all of its markets outside Japan, including Europe and the U.S., as well as China and emerging markets like India, Russia and Brazil. Overall, the car-maker sold 1.2 million vehicles during the quarter, up 19.5% from a year earlier.
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That’s a particularly strong performance in light of the fact that flooding in Thailand cut Nissan’s production by 33,000 vehicles in the quarter. The strong yen also hurt the company’s profits from overseas sales. Even so, the latest earnings beat the consensus estimate of 71.7 billion yen.
Nissan’s sales are rising in all of its markets outside Japan, including Europe and the U.S., as well as China and emerging markets like India, Russia and Brazil. Overall, the car-maker sold 1.2 million vehicles during the quarter, up 19.5% from a year earlier.
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