CCL Industries

I purchased shares of CCL Industries (CCL.B) today which closed up 3.50% even though the S&P/TSX closed down 0.13%. From CCL's website, CCL manufactures "pressure sensitive, shrink sleeve and in-mould labels, aluminum containers and plastic tubes, providing state-of-the-art specialty packaging solutions to global producers of consumer brands in the home and personal care, healthcare and specialty food and beverage sectors. With headquarters in Toronto, Canada, CCL Industries employs approximately 5,000 people and operates 48 production facilities in North America, Europe, Latin America and Asia. CCL’s joint venture, ColepCCL operates five plants in Europe and employs approximately 2,000 people.".

CCL has increased its dividend every year for the past five years, interim revenue growth is 11.1% and interim earnings per share growth is 89.7%. Its TTM price/sales is only 0.90 and its TTM price/earnings is 7.22. CCL's market cap is almost eight times that of its nearest competitor, Intertape Polymer.

For what it is worth, on 03/27/08 while appearing on BNN, Norm Levine named CCL as one of his Top Picks.