Bunnings Warehouse Property Trust (BWP) Stock Recommendation

Submitted by Craig Strzelecki on Fri, 18/08/2006 - 15:49.

Merrill Lynch have rated the Colorpak (CKL) stock as a Buy, High Risk and a share price target of $0.75. The FY06 result was disappointing, whish was what the broker expected since the company was trying to grow too quickly. The broker sees a more exciting FY07 with earnings in FY07-09 increasing by 7-9%.

Colorpak Limited is listed on the Australian Stock Exchange (ASX) under stock code CKL. You can view their investor website here. The company is involved in manufacturing of folding cartons. Find out the meaning of the recommendations in this primer. The company was listed on 15 April, 2004. Check your charts!

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