Printing's structural headwinds are real, but CAT's pivot toward packaging and specialty work puts it ahead…by @sextant_za on $CAT

Printing's structural headwinds are real, but CAT's pivot toward packaging and specialty work puts it ahead of where Bidvest Printing was five years ago. At R12.11 the market's priced in a slow fade, not a turnaround. If they can stabilize margins while volumes recover post-load-shedding chaos, positioned perfectly for a rerating.