NPK down 2% today while Mpact is holding firmer, interesting given they both face similar packaging headwin…by @julianreins_jse on $NPK

NPK down 2% today while Mpact is holding firmer, interesting given they both face similar packaging headwinds but NPK's leverage sits higher at 2.3x net debt to EBITDA. The dividend yield of 6.2% is decent cover if they can stabilize volumes, though I'd want to see cost disciplin