When an industry stays in deep trouble for a long time, there are some players who are able to survive. How do they do it ? Either by changing the way they operate in terms of management ability, by adding new products or any others. The paper industry has been facing multiple challenges, now after years of consolidation in which many players exited, there are few left and have achieved a scale. Numbers are reflecting it, when will the street start to have a look at then more kindly is the question. If you look at the overall matrix of the manufacturing sector, there are some industries where even the best of the players is not able to reach a scale where it can be classified as a large cap company. But that does not mean there is no opportunity to make gains in that industry or sector, but only if one is able to stick to the best managed and well run company in that sector. So, when the worst is over, it is time to bring some of them back on the watchlist as in the next five years surprises are going to come from the manufacturing sector.
